5206.0 Australian National Accounts: National Income ... · AUSTRALIAN NATIONAL ACCOUNTS: NATIONAL...

3.00.9Seasonally adjusted

3.30.9Trend

Real net national disposable income


Terms of trade

3.81.3Original

GDP chain price index

–1.5–0.7Seasonally adjusted

–1.0–0.6Trend

Gross fixed capital formation (Chain volume measure)


2.70.6Trend

Final consumption expenditure (Chain volume measure)


1.70.3Trend

GDP (Chain volume measure)

% change% change

Mar Qtr 2018 toMar Qtr 2019

Dec Qtr 2018 toMar Qtr 2019

K E Y F I G U R E S

G D P S U M M A R Y

! The Australian economy grew by 0.4% in seasonally adjusted chain volume terms in the

March quarter.

! Government final consumption expenditure contributed 0.2 percentage points to GDP

growth.

! Net exports contributed 0.2 percentage points to GDP growth driven by an increase in

exports.

! Compensation of employees increased by 1.2%.

! The terms of trade rose 3.1%.

K E Y P O I N T S

E M B A R G O : 1 1 . 3 0 A M ( C A N B E R R A T I M E ) W E D 5 J U N 2 0 1 9

AUSTRALIAN NATIONALACCOUNTS: NATIONAL INCOME,EXPENDITURE AND PRODUCT

5206.0M A R C H Q U A R T E R 2 0 1 9

For further informationabout these and relatedstatistics, contact theNational Information andReferral Service on1300 135 070 orNational Accounts by email<[email protected]>.

GDP growth ratesVolume measures, quarterly change

Mar2013

Mar2015

Mar2017

Mar2019

%

–1.5

–1.0

–0.5

0

0.5

1.0

1.5

2.0TrendSeas. adj.

Notes: Volume measures, contributionsto quarterly growth.

Contribution to GDP growthSeasonally adjusted

GFCEHFCE

GFCF-PrivGFCF-PubInventories

ExportsImports

GDP

–0.4 –0.2 0 0.2 0.4% points

I N Q U I R I E S

w w w . a b s . g o v . a u

3 June 2020March 2020

4 March 2020December 2019

4 December 2019September 2019

4 September 2019June 2019

RELEASE DATEISSUE (Quarter)FO R T H C O M I N G I S S U E S

Da v i d W . Ka l i s c h

Au s t r a l i a n S t a t i s t i c i a n

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PR I V A C Y

From the June quarter 2019, the ABS will cease publishing a PDF as part of the release of

Australian National Accounts: National Income, Expenditure and Product, (cat. no.

5206.0). Analysis will be presented in HTML format only on the ABS website. Should you

have any concerns regarding this transition, please contact the ABS via email on

[email protected].

CH A N G E S IN FU T U R E

RE L E A S E S

There are revisions in this issue due to the incorporation of more up–to–date data and

concurrent seasonal adjustment.

RE V I S I O N S IN TH I S I S S U E

2 A B S • A U S T R A L I A N N A T I O N A L A C C O U N T S : N A T I O N A L I N C O M E , E X P E N D I T U R E A N D P R O D U C T • 5 2 0 6 . 0 • M A R 2 0 1 9

N O T E S

78Glossary . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .75Appendix: Time series spreadsheets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .70Explanatory notes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

AD D I T I O N A L IN F O R M A T I O N

67Revisions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .62Annual data . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .60Selected analytical series . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .59Taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .57General government income account . . . . . . . . . . . . . . . . . . . . . . . . . . . . .55Household income account . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .52National income, capital and external accounts . . . . . . . . . . . . . . . . . . . . . . .44Components of state final demand . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .42Changes in inventories and agricultural income . . . . . . . . . . . . . . . . . . . . . . .40Household final consumption expenditure . . . . . . . . . . . . . . . . . . . . . . . . . .38Income from GDP . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .30Industry gross value added . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .20Expenditure on GDP . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .17Key national accounts aggregates . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

TA B L E S

15List of tables . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .14Recent and upcoming releases . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .11Analysis . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .9Main features: State final demand chain volume measures . . . . . . . . . . . . . . . . .8Main features: Income at current prices . . . . . . . . . . . . . . . . . . . . . . . . . . . . .6Main features: Production chain volume measures . . . . . . . . . . . . . . . . . . . . . .4Main features: Expenditure chain volume measures . . . . . . . . . . . . . . . . . . . . .

page

A B S • A U S T R A L I A N N A T I O N A L A C C O U N T S : N A T I O N A L I N C O M E , E X P E N D I T U R E A N D P R O D U C T • 5 2 0 6 . 0 • M A R 2 0 1 9 3

C O N T E N T S

F I N A L CO N S U M P T I O N EX P E N D I T U R E

! Household final consumption expenditure increased 0.3% in seasonally adjusted

terms. This was driven by rises in insurance and other financial services (0.6%),

health (0.7%), electricity, gas and other fuel (1.8%) and food (0.3%). There were falls

in recreation and culture (–0.5%), hotels, cafes and restaurants (–0.4%) and clothing

and footwear (–0.6%), which are all discretionary categories of household

consumption.

! Government final consumption expenditure increased 0.8% in seasonally adjusted

terms. National government consumption rose 1.4% while State and local

government consumption increased 0.4%.

GR O S S F I X E D CA P I T A L FO R M A T I O N

! Gross fixed capital formation decreased 0.7% in seasonally adjusted terms. Private

investment declined 1.0%, driven by ownership transfer costs (–13.0%), reflecting

the slowing housing market. This was partly offset by a rise in non–dwelling

construction (2.1%). Public investment increased 0.4%, driven by state and local

general government (3.0%). This was partly offset by weakness in national general

government (–4.8%) and state and local public corporations (–3.7%).

CH A N G E S IN IN V E N T O R I E S

! Total inventories increased $460m in seasonally adjusted terms following an increase

of $1,048m last quarter. The increase was driven by a build up in Retail trade and

Manufacturing inventories. Public authorities inventories fell this quarter, following a

significant rise in the December quarter.

Su m m a r y Co m m e n t sMA R C H QU A R T E R

na not available— nil or rounded to zero (including null cells)

0.41.80.40.31.70.3Gross domestic product0.2nana—nanaStatistical discrepancy (E)—–0.5–0.1—–0.6–0.2Imports of goods and services

0.21.71.0—2.00.1Exports of goods and services—1.6—0.21.70.2Gross national expenditure

–0.1nananananaChanges in inventories

—6.80.40.17.71.5Public

—6.91.0—6.51.1Intellectual property products—–16.0–4.6—–14.9–2.4Cultivated biological resources—1.00.5—1.90.4Machinery and equipment

0.1–4.72.1—–6.1—Non–dwelling construction–0.2–23.8–13.0–0.1–21.2–9.3Ownership transfer costs–0.1–3.1–2.5–0.1–1.9–2.1Dwellings

PrivateGross fixed capital formation

0.11.80.30.21.70.3Households0.25.10.80.25.41.2General government

Final consumption expenditure

% points

contribution

to growth in

GDP Dec 18

to Mar 19

% change

Mar 18

to Mar 19

% change

Dec 18

to Mar 19

% points

contribution

to growth in

GDP Dec 18

to Mar 19

% change

Mar 18

to Mar 19

% change

Dec 18

to Mar 19

SEASONALLY ADJUSTEDTREND


M A I N F E A T U R E S E X P E N D I T U R E CH A I N V O L U M E ME A S U R E S

EX P O R T S AN D IM P O R T S OF GO O D S AN D SE R V I C E S

! Exports of goods and services rose 1.0% in seasonally adjusted terms. Exports of

goods increased 0.7% driven by an increase in rural goods (6.5%), which was partly

offset by a fall in non–rural goods (–2.5%). Export of services rose 2.0%.

! Imports of goods and services fell 0.1% in seasonally adjusted terms. Imports of

goods rose 0.3% driven by an increase in both consumption goods (3.0%) and

capital goods (1.2%), while intermediate goods fell (–2.7%). Import of services

declined 1.4%.


NO T E

! All estimates are in seasonally adjusted chain volume terms unless otherwise stated.

AG R I C U L T U R E , FO R E S T R Y AN D F I S H I N G

! Agriculture, Forestry and Fishing fell 0.2% driven by falls in output of grains and

other crops. The ongoing drought conditions in the eastern states continue to

impact crops. The weakness was partly offset by a rise in livestock output as the

slaughter of cattle and calves increased during the quarter. Through the year the

industry declined 6.7%.

MI N I N G

! Mining rose 0.1% driven by Oil and Gas Extraction (1.2%) recording its fifth

consecutive rise. The increase was driven by new and existing oil and gas facilities.

The rise was partly offset by a fall in Coal Mining (–0.1%) due to adverse weather

conditions. Exploration and Mining Support Services (–3.3%) also detracted from

growth.

MA N U F A C T U R I N G

! Manufacturing rose 0.7% driven by Food, Beverage and Tobacco Products (2.7%)

reflecting ongoing international demand for meat products. Petroleum, Coal,

Chemical and Rubber Products (2.4%) and Metal Products (2.3%) also contributed to

growth. These rises were partly offset by Machinery and Equipment, which fell 5.8%

driven by declines in transport equipment.


na not available— nil or rounded to zero (including null cells)

0.41.80.40.31.70.3Gross domestic product–0.1nana—nanaStatistical discrepancy (P)

—0.1–0.7—–0.3–0.6Taxes less subsidies on products0.12.40.6—2.40.6Ownership of dwellings—5.11.8—3.70.7Other services—6.02.1—5.51.7Arts and recreation services

0.16.91.20.17.71.8Health care and social assistance—2.10.5—2.00.5Education and training—5.00.60.15.71.3Public administration and safety

0.14.61.7—5.01.2Administrative and support services0.13.61.8—2.60.3Professional, scientific and technical services—2.2–0.4—1.9–0.2Rental, hiring and real estate services

0.12.81.20.12.60.7Financial and insurance services—3.00.7—2.30.9Information media and telecommunications—0.70.2—0.50.4Transport, postal and warehousing—0.9–0.2—0.2–0.2Accommodation and food services—1.0——0.9—Retail trade—2.00.9—2.00.7Wholesale trade

–0.1–4.3–0.9–0.1–5.4–1.8Construction—1.31.2—0.2–0.1Electricity, gas, water and waste services—–1.60.7—–1.5–0.2Manufacturing—3.10.1—3.80.5Mining—–6.7–0.2–0.1–7.2–2.2Agriculture, forestry and fishing

% points

contribution

to growth in

GDP Dec 18

to Mar 19

% change

Mar 18 to

Mar 19

% change

Dec 18

to Mar 19

% points

contribution

to growth in

GDP Dec 18

to Mar 19

% change

Mar 18 to

Mar 19

% change

Dec 18

to Mar 19



M A I N F E A T U R E S PR O D U C T I O N CH A I N VO L U M E ME A S U R E S

EL E C T R I C I T Y , GA S , WA T E R AN D WA S T E SE R V I C E S

! Electricity, Gas, Water and Waste Services rose 1.2% driven by Electricity Supply

(2.1%) and Water Supply and Waste Services (0.4%) and partly offset by Gas Supply

(–3.3%). The industry increased services to households due to the above average

temperatures experienced during the quarter.

CO N S T R U C T I O N

! Construction fell 0.9% driven by Heavy and Civil Engineering Construction (–4.0%)

due to completions of mining and renewable energy projects. Building Construction

fell 0.1% with continued slowdown in residential building construction.

F I N A N C I A L AN D IN S U R A N C E SE R V I C E S

! Financial and Insurance Services rose 1.2% driven by Other Financial and Insurance

Services (2.8%) due to a rise in Auxiliary Finance reflecting increased funds under

management. Finance rose 0.6% with increased margins and a modest growth in

loan and deposit balances.

RE N T A L , H I R I N G & RE A L ES T A T E SE R V I C E S

! Rental, Hiring and Real Estate Services fell 0.4% driven by Property Operators and

Real Estate Services (–0.4%) with fewer property settlements during the quarter.

Rental and Hiring Services fell 0.4% with decreased demand for machinery and

equipment hiring services related to construction. The industry rose 2.2% through

the year.

PR O F E S S I O N A L , SC I E N T I F I C AN D TE C H N I C A L SE R V I C E S

! Professional, Scientific and Technical Services rose 1.8% with strength in both

Computer System Design and Related Services (3.5%) and Other Professional,

Scientific and Technical Services (1.2%). This reflects an increased demand for

consultancy services.

AD M I N I S T R A T I V E AN D SU P P O R T SE R V I C E S

! Administrative and Support Services rose 1.7% reflecting continued demand for

employment services. The industry grew 4.6% through the year.

HE A L T H CA R E AN D SO C I A L AS S I S T A N C E

! Health Care and Social Assistance rose 1.2% driven by continued strength in both

public and private health. The industry grew 6.9% through the year.

OT H E R SE R V I C E S

! Other Services rose 1.8% driven by increased work in repair and maintenance

following hail storm damages in the previous quarter.


STATE COMPENSAT ION OF EMPLOYEES, Cur ren t pr ices : Seasona l l yad jus ted

GR O S S OP E R A T I N G SU R P L U S (G O S )

! Total GOS grew 2.5% increasing for all sectors except public non–financial

corporations. Private non–financial corporations were the main contributor to

growth, increasing 3.9%, which is consistent with the rise in the terms of trade

(3.1%).

! Through the year GOS increased 7.5%. Mining was the main contributor to this

growth, driven by higher commodity prices and increased production volumes.

CO M P E N S A T I O N OF EM P L O Y E E S (C O E )

! COE increased 1.2% and average compensation per employee rose 0.4%.

! Private COE grew 1.4%, while public COE increased 0.7%.

! The five largest states recorded growth with New South Wales (1.6%) the main

contributor. All states recorded growth in COE through the year with the exception

of Northern Territory.


(a) Includes Public non–financial corporations, Financial corporations,General government and Dwellings owned by persons.

— nil or rounded to zero (including null cells)na not available

1.44.91.41.25.01.2Gross domestic product—nana0.1nanaStatistical discrepancy (I)

0.11.01.0—0.5–0.2Taxes less subsidies on production and imports–0.1–1.5–0.8–0.1–1.9–1.2Gross mixed income

0.13.70.80.13.80.8Other(a)0.711.03.90.611.53.2Private non–financial corporations

Gross operating surplus0.64.31.20.54.31.1Compensation of employees

% points

contribution

to growth in

GDP Dec 18

to Mar 19

% change

Mar 18 to

Mar 19

% change

Dec 18

to Mar 19

% points

contribution

to growth in

GDP Dec 18

to Mar 19

% change

Mar 18 to

Mar 19

% change

Dec 18

to Mar 19



M A I N F E A T U R E S I N C O M E A T CU R R E N T PR I C E S

NE W SO U T H WA L E S

! New South Wales' state final demand increased 0.4% following a 0.1% decrease in

the December quarter. Consumption of household and national government

expenditure drove the rise. Public investment strengthened to 3.2% driven by state

and local general government. This was partly offset by private investment with

dwelling investment accounting for the majority of the fall.

STATE FINAL DEMAND, Quar te r l y Volume measures : Seasona l l yad jus ted

AU S T R A L I A

! Australia's domestic final demand increased 0.1%. Government final consumption

expenditure was the largest contributor to growth driven by national non–defence.

Household final consumption expenditure rose modestly. Private gross fixed capital

formation detracted from growth, with falls in dwelling investment and ownership

transfer costs.


(a) Australia estimates relate to Domestic final demand.— nil or rounded to zero (including null cells)

0.1–0.2–2.30.7–0.3–0.20.50.20.4State final demand

0.4–6.5–1.83.3–3.5–16.27.5–2.33.2Public–1.02.2–12.42.3–2.23.00.7–1.5–0.8Private

Gross fixed capital formation

0.30.30.1–0.30.1—0.20.30.4Households0.8–0.3–0.41.51.50.5–0.52.40.6General government

Final consumption expenditureAust.(a)ACTNTTas.WASAQldVic.NSW

SEASONALLY ADJUSTED, % CHANGE FROM DEC 18 TO MAR 19


M A I N F E A T U R E S S T A T E F I N A L DE M A N D CH A I N VO L U M E ME A S U R E S

V I C T O R I A

! Victoria's state final demand increased 0.2% following a 0.9% increase in the

December quarter. Government and household final consumption expenditure

contributed to growth. Private investment partly offset these rises, driven by falls in

dwelling investment and ownership transfer costs. The decrease in private

investment was tempered by rises in non–dwelling construction and purchases of

machinery and equipment. Public investment decreased mainly due to the general

government sector.

QU E E N S L A N D

! Queensland's state final demand increased 0.5% with strong growth in public gross

fixed capital formation driven by a large increase in investment by the state and local

general government. Private investment growth was driven by dwelling construction

but tempered by a fall in non–dwelling construction. Household consumption

expenditure rose but was offset by a fall in government consumption.

SO U T H AU S T R A L I A

! South Australia's state final demand decreased 0.2% following a 0.9% increase in the

December quarter. The fall was driven by public investment with the state and local

general government contracting following large purchases of new assets in the

December quarter. Private investment partly offset the fall in public investment, with

non–dwelling construction increasing strongly. Government final consumption

expenditure increased with state and local general government increasing spending.

Household final consumption expenditure was flat for the quarter.

WE S T E R N AU S T R A L I A

! Western Australia's state final demand continued to decrease, recording a decline of

0.3%. Private investment drove the decline with falls in machinery and equipment

and dwelling investment. Non–dwelling construction rose, following five quarters of

detraction. Public investment contributed to the decline with state and local public

corporations the major contributor. Government consumption rose while

household consumption was flat.

TA S M A N I A

! Tasmania's state final demand increased 0.7%. State and local public spending

contributed strongly to growth. Private investment increased, driven by machinery

and equipment, tempered by declines in dwelling investment.

NO R T H E R N TE R R I T O R Y

! Northern Territory's state final demand decreased 2.3%, the sixth consecutive fall.

Private investment continued to detract from growth, driven by non–dwelling

construction. Household final consumption expenditure rose 0.1% following two

consecutive falls. Public investment fell 1.8%, driven by state and local public

corporations, this was partly offset by an increase from the general government.

AU S T R A L I A N CA P I T A L T E R R I T O R Y

! Australian Capital Territory's state final demand decreased 0.2%. General

government spending was the main driver of the fall. This was partly offset by private

investment in non–dwelling construction and machinery and equipment. Household

final consumption expenditure rose 0.3%.


GOVERNMENT FINAL CONSUMPTION EXPENDITURE, Volume measures :Seasona l l y ad jus ted

Government final consumption expenditure rose 0.8% in the quarter and remains strong

through the year at 5.1%. National non–defence (2.4%) was the main contributor to

growth, due to increases in social benefits to households from continued government

spending on disability and health services. State and local government expenditure

increased 0.4% driven by rises in employee expenses.

CO N T I N U E D ST R E N G T H IN

GO V E R N M E N T

EX P E N D I T U R E

GROSS DOMESTIC PRODUCT, Volume measures : Seasona l l y ad jus ted

Australia's gross domestic product (GDP) grew by 0.4% in the March quarter 2019,

following a 0.2% rise in the December quarter. The Australian economy grew 1.8%

through the year.

AU S T R A L I A N EC O N O M Y

GR E W BY 0 . 4 %


A N A L Y S I S

MINING AND NON-MINING INVESTMENT, Volume measures : Seasona l l y ad jus ted

Non–mining investment grew 2.0%, driven by broad based investment in new buildings,

particularly offices and accommodation buildings. Mining investment continued to

decline, falling 1.8% in the quarter.

ST E A D Y GR O W T H IN

NO N – M I N I N G

IN V E S T M E N T

DWELL ING INVESTMENT, Volume measures : Seasona l l y Ad jus ted

Dwelling investment fell 2.5% in the quarter, falling 3.1% through the year. This fall

follows significant falls in dwelling approvals. Prior to this, dwelling investment reached

record levels in September quarter 2018.

I N V E S T M E N T IN

DW E L L I N G S CO N T I N U E S

TO FA L L


A N A L Y S I S continued

HOUSEHOLD SAVING RAT IO , Cur ren t pr ices : Seasona l l y ad jus ted

The household saving ratio rose to 2.8 with growth in household disposable income

outpacing subdued growth in household spending. The growth in gross disposable

income was primarily driven by continued growth in compensation of employees.

Non–life insurance claims continued to contribute to household income following a

significant rise in the December quarter. These insurance claims are related to recent

natural disaster events, namely the Sydney hail storms in December quarter and

Queensland floods in the March quarter.

HO U S E H O L D SA V I N G

RA T I O IN C R E A S E D

HOUSEHOLD FINAL CONSUMPTION EXPENDITURE, Volume measures :Seasona l l y ad jus ted

Household final consumption expenditure increased 0.3%, with through the year growth

moderating to 1.8%. Households reduced discretionary spending, in particular on

recreation and culture, hospitality and furnishings and household equipment.

HO U S E H O L D

CO N S U M P T I O N SL O W S


A N A L Y S I S continued

The March quarter 2019 issue of Australian National Accounts: Finance and Wealth

will be released on 27 June 2019. This publication provides quarterly estimates of the

financial flows between sectors of the domestic economy and with the rest of the world.

This publication also provides estimates of the financial assets and liabilities owned by

each sector and various sub–sectors at the end of each quarter. Other key estimates

within the publication include the demand for credit by non–financial domestic

institutional sectors during the quarter, and their corresponding levels of credit

outstanding.

AU S T R A L I A N NA T I O N A L

AC C O U N T S : F I N A N C E AN D

WE A L T H (C A T . NO .

52 3 2 . 0 )

The 2016–17 issue of Australian National Accounts: Input–Output Tables will be

released on 14 June 2019. This product provides detailed information about the supply

and use of products in the Australian economy and the structure of, and

inter–relationships between, Australian industries. It presents information on input by

industry and output by product group, use of domestic production, imports by industry

and final demand categories, taxes and margins on supply by product, and industry and

product concordances.


AC C O U N T S :

IN P U T – O U T P U T TA B L E S

(C A T . NO .

52 0 9 . 0 . 5 5 . 0 0 1 )

The March quarter 2019 issue of Assets and Liabilities of Australian Securitisers will be

released on 6 June 2019. Securitisers issue short and/or long term securities against

specifically matched assets and use the cash flows from the pool of assets to service the

interest payments on the issued securities. This publication provides information on the

assets and liabilities of these financial institutions.

AS S E T S AN D L I A B I L I T I E S

OF AU S T R A L I A N

SE C U R I T I S E R S (C A T . NO .

52 3 2 . 0 . 5 5 . 0 0 1 )

The 2017–18 issue of the Australian National Accounts: Tourism Satellite Account was

released on 1 May 2019. This publication provides users with a macro–economic

framework to conduct analyses of tourism impacts on the economy for the period

1997–98 to 2017–18. It presents estimates of the contribution of tourism to major

economic aggregates, such as GDP, as well as details by type of visitor, purchase of

products by tourists and supply of those products by industry. Data on employment in

tourism industries and visitor numbers is also presented.


AC C O U N T S : TO U R I S M

SA T E L L I T E AC C O U N T

(C A T . NO . 52 4 9 . 0 )

The first issue of Australian National Accounts: Supply Use Tables was released on 12

December 2018 for the period 1994–95 to 2016–17. The Supply Use tables were

introduced in the annual National Accounts in 1998 as an integral part of the annual

compilation of the Australian System of National Accounts. They are used to ensure

Gross Domestic Product is balanced for all three approaches (production, expenditure

and income) and provide the annual benchmarks from which the quarterly estimates are

compiled.


AC C O U N T S : SU P P L Y US E

TA B L E S (C A T . NO .

52 1 7 . 0 )

The 2017–18 issue of the Australian System of National Accounts was released on 26

October 2018. This publication provides detailed, annual estimates of Australia's national

accounts. These include expenditure, income and production estimates of gross

domestic product (GDP), productivity estimates, sectorial accounts (for households,

financial and non–financial corporations, general government and the rest of the world),

and additional aggregates dissected by industry.

AU S T R A L I A N SY S T E M OF

NA T I O N A L AC C O U N T S

(C A T . NO . 52 0 4 . 0 )


R E C E N T A N D U P C O M I N G R E L E A S E S

43Agricultural income, Current prices: Trend and seasonally adjusted23 . . . . . .42

Changes in inventories, Chain volume measures: Trend and seasonally

adjusted

22. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

CH A N G E S IN IN V E N T O R I E S AN D AG R I C U L T U R A L IN C O M E

41

Household final consumption expenditure, Chain volume measures:

Seasonally adjusted

21. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

40

Household final consumption expenditure, Chain volume measures:

Trend

20. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

HO U S E H O L D F I N A L CO N S U M P T I O N EX P E N D I T U R E

39Income from GDP, Current prices: Seasonally adjusted19 . . . . . . . . . . . . . .38Income from GDP, Current prices: Trend18 . . . . . . . . . . . . . . . . . . . . . .

I N C O M E FR O M GD P

36

Industry gross value added, Chain volume measures, Percentage

changes: Seasonally adjusted

17. . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

34

Industry gross value added, Chain volume measures: Seasonally

adjusted

16. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

32

Industry gross value added, Chain volume measures, Percentage

changes: Trend

15. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

30Industry gross value added, Chain volume measures: Trend14 . . . . . . . . . . .I N D U S T R Y GR O S S VA L U E AD D E D

29

Expenditure on GDP, Implicit price deflators, Percentage changes:

Seasonally adjusted

13. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

28Expenditure on GDP, Implicit price deflators: Seasonally adjusted12 . . . . . . .27

Expenditure on GDP, Chain price indexes, Percentage changes:

Original

11. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

26Expenditure on GDP, Chain price indexes: Original10 . . . . . . . . . . . . . . . .25Expenditure on GDP, Current prices: Seasonally adjusted9 . . . . . . . . . . . .24

Expenditure on GDP, Chain volume measures, Contributions to

growth: Seasonally adjusted

8. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

23

Expenditure on GDP, Chain volume measures, Percentage changes:

Seasonally adjusted

7. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

22Expenditure on GDP, Chain volume measures: Seasonally adjusted6 . . . . . .21

Expenditure on GDP, Chain volume measures, Percentage changes:

Trend

5. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

20Expenditure on GDP, Chain volume measures: Trend4 . . . . . . . . . . . . . .EX P E N D I T U R E ON GD P

19Key national accounts aggregates: Annual3 . . . . . . . . . . . . . . . . . . . . . .18Key national accounts aggregates: Seasonally adjusted2 . . . . . . . . . . . . . .17Key national accounts aggregates: Trend1 . . . . . . . . . . . . . . . . . . . . . . .

KE Y NA T I O N A L AC C O U N T S AG G R E G A T E S

page


L I S T O F T A B L E S

69

Industry gross value added, Chain volume measures, Revisions to

percentage changes: Seasonally adjusted

48. . . . . . . . . . . . . . . . . . . . . . .

68

Gross domestic product account, Current prices, Revisions: Seasonally

adjusted

47. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

67

Expenditure on GDP, Chain volume measures, Revisions to percentage

changes: Seasonally adjusted

46. . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

RE V I S I O N S

65Industry gross value added, Chain volume measures: Annual45 . . . . . . . . . .64Income from GDP, Current prices: Annual44 . . . . . . . . . . . . . . . . . . . . . .63Expenditure on GDP, Current prices: Annual43 . . . . . . . . . . . . . . . . . . . .62Expenditure on GDP, Chain volume measures: Annual42 . . . . . . . . . . . . . .

AN N U A L DA T A

61Selected analytical series: Seasonally adjusted41 . . . . . . . . . . . . . . . . . . . .60Selected analytical series: Trend40 . . . . . . . . . . . . . . . . . . . . . . . . . . . .

SE L E C T E D AN A L Y T I C A L SE R I E S

59Taxes, Current prices: Trend and seasonally adjusted39 . . . . . . . . . . . . . . .58

General government income account, Current prices: Seasonally

adjusted

38. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

57General government income account, Current prices: Trend37 . . . . . . . . . .GE N E R A L GO V E R N M E N T SE C T O R

56Household income account, Current prices: Seasonally adjusted36 . . . . . . . .55Household income account, Current prices: Trend35 . . . . . . . . . . . . . . . .

HO U S E H O L D SE C T O R

54External accounts, Current prices: Trend and seasonally adjusted34 . . . . . . .53National capital account, Current prices: Trend and seasonally adjusted33 . . . .52

National income account, Current prices: Trend and seasonally

adjusted

32. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

NA T I O N A L IN C O M E , CA P I T A L AN D EX T E R N A L AC C O U N T S

51

State final demand, Chain volume measures: Australian Capital

Territory

31. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

50State final demand, Chain volume measures: Northern Territory30 . . . . . . . .49State final demand, Chain volume measures: Tasmania29 . . . . . . . . . . . . . .48State final demand, Chain volume measures: Western Australia28 . . . . . . . . .47State final demand, Chain volume measures: South Australia27 . . . . . . . . . .46State final demand, Chain volume measures: Queensland26 . . . . . . . . . . . .45State final demand, Chain volume measures: Victoria25 . . . . . . . . . . . . . . .44State final demand, Chain volume measures: New South Wales24 . . . . . . . . .

ST A T E F I N A L DE M A N D

page


L I S T O F T A B L E S continued

(c) Population estimates are as published in the Australian Demographic Statistics(cat. no. 3101.0) and ABS projections.

(d) ANZSIC divisions A to N, R and S. See Glossary - Market sector.(e) Reference year for indexes is 2016–17 = 100.0.

. . not applicable— nil or rounded to zero (including null cells)(a) Change on preceding quarter; last column shows the change between the

current quarter and the corresponding quarter of the previous year.(b) Reference year for chain volume measures and real income measures is

2016–17.

. .110.4107.0104.3102.9102.3101.2101.4103.3Terms of tradePrices

. .97.598.598.698.699.4100.3100.199.3Real unit labour costs - non-farm

. .98.599.299.099.199.7100.4100.399.3Real unit labour costs

. .100.0100.3100.6100.7100.5100.2100.1100.3Gross value added per hour worked market sector(d)

. .99.9100.2100.5100.6100.399.999.799.9GDP per hour worked

. .104.0103.6103.3103.0102.7102.2101.6100.9Hours worked market sector(d)

. .105.2104.6104.0103.4102.9102.5101.9101.1Hours workedProductivity

I N D E X E S (e)

. .2.72.62.73.13.74.14.24.4Household saving ratio

. .24 33922 70021 54920 89620 50219 58619 65821 433National net saving ($m)

. .471 752466 117460 934456 140451 118445 368440 556437 623Gross national income ($m)

. .19 31019 15319 01018 86418 68918 49018 35418 315GDP per capita(c) ($)

. .488 542482 623477 036471 378465 103458 333453 248450 538GDP ($m)

Current price measures

. .14 84114 75914 69914 65514 59914 50314 43914 471Real net national disposable income per capita(c) ($)

. .375 418371 908368 855366 202363 297359 520356 562355 973Real net national disposable income ($m)

. .457 889453 824450 171446 931443 503439 266435 928434 900Real gross national income ($m)

. .472 979468 967465 329461 894457 886453 014449 425448 321Real gross domestic income ($m)

Real income measures(b)

. .381 600380 891379 995378 465375 717372 488369 486367 093Net domestic product ($m)

. .312 483312 316312 188311 677310 025307 734305 796304 199Gross value added market sector(d) ($m)

. .18 32718 35118 37118 36718 31118 23218 15918 111GDP per capita(c) ($)

. .463 613462 417461 003458 951455 687451 949448 442445 545GDP ($m)

Chain volume GDP and related measures(b)

L E V E L S

7.93.22.61.40.61.1–0.2–1.9–0.6Terms of TradePrices

–1.9–1.1——–0.8–0.90.30.80.7Real unit labour costs - non-farm–1.1–0.70.2–0.1–0.6–0.70.11.00.7Real unit labour costs–0.5–0.3–0.3–0.10.30.3—–0.20.1Gross value added per hour worked market sector(d)–0.4–0.3–0.3–0.10.30.40.2–0.1–0.1GDP per hour worked1.30.40.40.30.30.50.60.70.7Hours worked market sector(d)2.20.50.60.60.40.40.60.80.8Hours worked

Productivity

5.01.21.21.21.31.51.10.60.9GDPCurrent price measures

1.70.60.40.30.40.70.4–0.2–0.1Real net national disposable income per capita(c)3.30.90.80.70.81.10.80.20.3Real net national disposable income3.20.90.80.70.81.00.80.20.4Real gross national income3.30.90.80.70.91.10.80.20.5Real gross domestic income


1.60.20.20.40.70.90.80.70.7Net domestic product0.80.1—0.20.50.70.60.50.8Gross value added market sector(d)0.1–0.1–0.1—0.30.40.40.30.3GDP per capita(c)1.70.30.30.40.70.80.80.70.7GDP


PE R C E N T A G E CH A N G E (a)

MarDecSepJunMarDecSepJun

Mar 18 to

Mar 19

2018–192017–182016–17

KEY NAT IONAL ACCOUNTS AGGREGATES: Trend1




. . not applicable— nil or rounded to zero (including null cells)(a) Change on preceding quarter; last column shows the change between the

current quarter and the corresponding quarter of the previous year.(b) Reference year for chain volume measures and real income measures is

2016–17.

. .110.0106.7103.6102.5103.7100.5100.6100.7Terms of tradePrices

. .97.398.498.698.599.0100.799.999.8Real unit labour costs - non-farm

. .98.499.199.098.999.3100.7100.299.7Real unit labour costs

. .100.0100.4100.7100.9100.999.7100.3100.5Gross value added per hour worked market sector(d)

. .99.8100.3100.6100.6100.899.599.9100.0GDP per hour worked

. .104.4103.3103.2103.3102.2102.6101.5100.9Hours worked market sector(d)

. .105.4104.4103.9103.5102.5102.8101.8101.0Hours workedProductivity

I N D E X E S (e)

. .2.82.62.53.03.94.34.04.2Household saving ratio

. .25 43722 40720 66121 11221 84118 18820 22019 361National net saving ($m)

. .472 179466 314460 001456 225452 445444 605440 169436 137Gross national income ($m)

. .19 33019 14218 99318 87318 74218 43918 35218 242GDP per capita(c) ($)

. .489 136482 278476 652471 634466 381456 984453 306448 720GDP ($m)


. .14 85514 78214 64214 66214 66914 45514 43714 395Real net national disposable income per capita(c) ($)

. .375 897372 422367 450366 410365 026358 249356 599354 099Real net national disposable income ($m)

. .458 418454 294448 826447 104445 183438 069435 890433 045Real gross national income ($m)

. .473 901468 661464 570462 194459 343451 794449 284446 501Real gross domestic income ($m)


. .381 860380 510380 018379 210375 712371 843369 713367 286Net domestic product ($m)

. .313 238311 486312 072312 791309 791307 193305 812304 426Gross value added market sector(d) ($m)

. .18 33318 33818 37118 39518 31218 21018 16418 120GDP per capita(c) ($)

. .463 907462 032461 024459 697455 680451 302448 672445 739GDP ($m)


L E V E L S

6.03.13.01.0–1.23.2–0.1—–5.9Terms of TradePrices

–1.6–1.1–0.10.1–0.5–1.70.80.12.0Real unit labour costs - non-farm–0.9–0.70.10.1–0.4–1.40.50.51.9Real unit labour costs–0.9–0.5–0.3–0.1–0.11.2–0.6–0.10.1Gross value added per hour worked market sector(d)–1.0–0.5–0.3–0.1–0.21.4–0.4–0.1–0.1GDP per hour worked2.11.00.1–0.11.0–0.31.10.60.7Hours worked market sector(d)2.80.90.50.41.1–0.41.00.70.9Hours worked

Productivity

4.91.41.21.11.12.10.81.0–0.1GDPCurrent price measures

1.30.51.0–0.1—1.50.10.3–1.2Real net national disposable income per capita(c)3.00.91.40.30.41.90.50.7–0.8Real net national disposable income3.00.91.20.40.41.60.50.7–0.6Real gross national income3.21.10.90.50.61.70.60.6–0.5Real gross domestic income


1.60.40.10.20.91.00.60.70.9Net domestic product1.10.6–0.2–0.21.00.80.50.50.8Gross value added market sector(d)0.1—–0.2–0.10.50.60.30.20.4GDP per capita(c)1.80.40.20.30.91.00.60.70.8GDP




Mar 18 to

Mar 19

2018–192017–182016–17

KEY NAT IONAL ACCOUNTS AGGREGATES: Seasona l l y ad jus ted2




— nil or rounded to zero (including null cells)(a) Percentage change on preceding year.(b) Reference year for chain volume measures and real income measures is

2016–17.

101.9100.087.597.2108.5112.8124.7124.1Terms of tradePrices

99.5100.0103.8102.7101.6102.0101.8101.6Real unit labour costs - non-farm99.8100.0104.3103.4102.1102.5102.4102.3Real unit labour costs

100.5100.098.897.295.993.291.087.2Gross value added per hour worked market sector(d)100.2100.099.198.196.894.993.090.6GDP per hour worked102.4100.099.098.297.197.296.896.4Hours worked market sector(d)102.7100.098.696.995.995.494.893.7Hours worked

Productivity

I N D E X E S (e)

3.84.96.07.97.97.58.88.4Household saving ratio80 83074 63541 14679 877108 348117 537127 545103 261National net saving ($m)

1 792 9911 716 5221 622 3841 591 1831 556 7001 498 0941 453 8541 359 758Gross national income ($m)

74 60872 36069 31768 72168 62267 01466 58663 900GDP per capita(c) ($)

1 848 1031 764 5121 662 3371 624 3921 598 5301 536 3071 499 4581 416 622GDP ($m)


58 38057 57355 55656 44957 27457 54158 40656 410Real net national disposable income per capita(c) ($)

1 446 1311 403 9241 332 3221 334 3011 334 1901 319 1221 315 2441 250 576Real net national disposable income ($m)

1 766 0921 716 5221 636 3281 630 8011 621 3231 595 2711 579 0171 502 867Real gross national income ($m)

1 822 4611 764 5121 676 6361 664 8551 664 9051 635 9871 628 5601 565 727Real gross domestic income ($m)


1 496 4991 453 6811 421 0901 381 8341 353 3761 323 4911 294 7651 247 837Net domestic product ($m)

1 235 5871 201 0931 174 4171 145 6521 117 6601 087 7141 057 1641 009 683Gross value added market sector(d) ($m)

73 28672 36071 89370 92170 32269 66769 11567 569GDP per capita(c) ($)

1 815 3721 764 5121 724 1231 676 4001 638 1321 597 1071 556 3961 497 962GDP ($m)


L E V E L S

1.914.3–10.0–10.4–3.8–9.50.520.4Terms of TradePrices

–0.5–3.61.01.1–0.40.20.20.3Real unit labour costs - non-farm–0.2–4.20.91.3–0.40.10.1–0.1Real unit labour costs0.51.31.61.42.92.44.30.3Gross value added per hour worked market sector(d)0.20.91.11.32.02.02.7–0.2GDP per hour worked2.41.00.81.1–0.10.50.42.2Hours worked market sector(d)2.71.51.71.00.50.61.22.7Hours worked

Productivity

4.76.12.31.64.12.55.88.9GDPCurrent price measures

1.43.6–1.6–1.4–0.5–1.53.55.3Real net national disposable income per capita(c)3.05.4–0.1—1.10.35.26.8Real net national disposable income2.94.90.30.61.61.05.16.4Real gross national income3.35.20.7—1.80.54.06.5Real gross domestic income


2.92.32.82.12.32.23.82.1Net domestic product2.92.32.52.52.82.94.72.5Gross value added market sector(d)1.30.61.40.90.90.82.31.0GDP per capita(c)2.92.32.82.32.62.63.92.5GDP



2017–182016–172015–162014–152013–142012–132011–122010–11

KEY NAT IONAL ACCOUNTS AGGREGATES: Annua l3


(a) Reference year for chain volume measures is 2016–17.

463 613462 417461 003458 951455 687451 949448 442445 545442 556Gross domestic product

–1 785–1 700–1 339–6053179621 3601 200429Statistical discrepancy (E)97 42497 58897 89198 17497 96996 76695 01593 38291 751less Imports of goods and services99 80499 70899 73199 23397 82596 34995 16794 59794 068Exports of goods and services

463 122461 991460 487458 497455 498451 420447 015443 267439 903Gross national expenditure

570624696824803236–345–341189Changes in inventories

462 681461 362459 780457 673454 697451 181447 346443 594439 705Domestic final demand

109 784110 469111 089111 258110 919110 221109 238108 023106 326Total gross fixed capital formation

23 43223 08722 90722 19021 76221 65421 63321 37820 765Total public gross fixed capital formation

17 99117 65717 09216 42616 01215 86715 82315 58815 022Total general government

13 17112 69612 12211 56511 20111 09011 10910 96710 477State and local

4 8614 9594 9654 8624 8124 7824 7234 6294 546Total national

2 4042 3782 3172 2782 3442 3542 2582 1572 181National–non-defence2 4482 5802 6472 5832 4672 4262 4622 4692 363National–defence

General government

5 4745 4275 8115 7635 7515 7865 8095 7885 743Total public corporations

3 4963 4583 8273 7533 7433 7763 7503 6843 713State and local1 9731 9701 9842 0092 0092 0082 0572 1052 033Commonwealth

Public corporationsPublic gross fixed capital formation

86 22787 25388 32789 06789 13288 56687 60486 64185 556Total private gross fixed capital formation

10 14310 0289 8889 7159 5229 3659 2649 1819 062Total intellectual property products505490476462448435421408395Artistic originals

5 1154 9804 8474 7154 5824 4454 3054 1674 035Computer software785805806775720696718750748Mineral and petroleum exploration

3 7463 7523 7593 7643 7723 7893 8193 8543 882Research and developmentIntellectual property products

9369599901 0341 1001 1681 2201 2551 265Cultivated biological resources

18 89718 82618 75318 68018 54618 28517 84817 36117 075Total machinery and equipment

20 70820 68220 63220 55420 38020 11119 68719 17818 834NewMachinery and equipment

24 17524 17524 43024 95425 75226 12225 86525 20724 251Total non-dwelling construction

13 02213 39413 47913 98814 46414 68714 73614 66314 244New engineering construction11 69911 59611 58811 75412 01012 01811 79611 46911 004New building

Non-dwelling construction6 0256 6417 1967 5597 6507 7067 8217 8927 791Ownership transfer costs

26 05826 62427 06927 12426 56125 91725 57325 73326 108Total dwellings

8 9399 1129 2219 1678 8708 6488 6218 7919 015Alterations and additions17 12617 51217 84917 95617 69117 26816 95216 94217 093New and used dwellings

DwellingsPrivate gross fixed capital formation

352 923350 892348 691346 415343 778340 960338 143335 534333 202Total final consumption expenditure

262 619261 823260 854259 727258 234256 450254 458252 575250 926Households


51 19150 96450 79550 70850 41450 08249 81749 49948 982State and local38 90638 11537 06335 97135 12134 47534 04133 74433 570Total national31 11830 21029 18728 20827 44226 83826 44626 24526 126National–non-defence

7 8577 9027 8697 7627 6787 6377 5977 5047 448National–defenceGeneral government


$m$m$m$m$m$m$m$m$m

MarDecSepJunMarDecSepJunMar

2018–192017–182016–17

EXPENDITURE ON GDP, Cha in volume measures(a) : Trend4


(b) Change on preceding quarter, except for the last column whichshows the change between the current quarter and thecorresponding quarter of the previous year.

— nil or rounded to zero (including null cells)(a) Reference year for chain volume measures is 2016–17.

1.70.30.30.40.70.80.80.70.7Gross domestic product

–0.6–0.2–0.3–0.30.21.21.81.71.8Imports of goods and services2.00.1—0.51.41.51.20.60.6Exports of goods and services

1.70.20.30.40.70.91.00.80.8Gross national expenditure

1.80.30.30.50.70.80.90.80.9Domestic final demand

–1.0–0.6–0.6–0.20.30.60.91.11.6Total gross fixed capital formation

7.71.50.83.22.00.50.11.22.9

Total public gross fixed capital

formation

12.41.93.34.12.60.90.31.53.8Total general government

17.63.74.74.83.31.0–0.21.34.7State and local

1.0–2.0–0.12.11.00.61.22.01.8Total national

2.51.12.61.7–2.8–0.44.24.7–1.1National–non-defence–0.8–5.1–2.52.54.71.7–1.4–0.34.5National–defence

General government

–4.80.9–6.60.80.2–0.6–0.40.40.8Total public corporations

–6.61.1–9.62.00.3–0.90.71.8–0.8State and local–1.80.1–0.7–1.3——–2.4–2.33.5Commonwealth


–3.3–1.2–1.2–0.8–0.10.61.11.11.3

Total private gross fixed capital

formation

6.51.11.41.82.01.71.10.91.3Total intellectual property products12.73.03.03.03.13.13.13.23.3Artistic originals11.62.72.82.82.93.13.33.33.3Computer software

9.1–2.4–0.24.17.63.4–3.0–4.20.1Mineral and petroleum exploration–0.7–0.2–0.2–0.1–0.2–0.5–0.8–0.9–0.7Research and development

Intellectual property products–14.9–2.4–3.1–4.3–6.0–5.7–4.3–2.8–0.7Cultivated biological resources

1.90.40.40.40.71.42.42.81.7Total machinery and equipment

1.60.10.20.40.91.32.22.71.8NewMachinery and equipment

–6.1—–1.0–2.1–3.1–1.41.02.63.9Total non-dwelling construction

–10.0–2.8–0.6–3.6–3.3–1.5–0.30.52.9New engineering construction–2.60.90.1–1.4–2.1–0.11.92.94.2New building

Non-dwelling construction–21.2–9.3–7.7–4.8–1.2–0.7–1.5–0.91.3Ownership transfer costs

–1.9–2.1–1.6–0.22.12.51.3–0.6–1.4Total dwellings

0.8–1.9–1.20.63.42.60.3–1.9–2.5Alterations and additions–3.2–2.2–1.9–0.61.52.41.90.1–0.9New and used dwellings


2.70.60.60.70.80.80.80.80.7Total final consumption expenditure

1.70.30.40.40.60.70.80.70.7Households


1.50.40.30.20.60.70.50.61.1State and local10.82.12.83.02.41.91.30.90.5Total national13.43.03.53.52.82.31.50.80.5National–non-defence

2.3–0.60.41.41.10.50.51.20.8National–defenceGeneral government



Mar 18 to

Mar 19

2018–192017–182016–17

EXPENDITURE ON GDP, Cha in Volume Measures (a ) —Percentage Changes(b) : Trend5




–1 417–2 174–1 296–462–471 4631 0521 217975Statistical discrepancy (E)97 58897 67697 31498 66598 10996 54995 46392 46692 488less Imports of goods and services

100 18599 20399 74599 73398 48894 68696 04495 08892 564Exports of goods and services


4601 048–191 449414778–511–1 2051 223Changes in inventories



23 35623 26823 09121 84021 86122 31021 84223 45521 884


formation


13 21212 82912 02611 53311 26411 49211 13413 36410 797State and local

4 7214 9565 1964 7254 6844 8834 9454 2164 790Total national


General government




86 20387 08388 41789 20989 39587 22888 26283 90684 820


formation




9319769731 0281 1081 1641 2291 2371 279Cultivated biological resources


–1 750–1 898–1 903–1 836–1 859–1 824–1 773–1 917–1 739Net purchases of second hand

assets

20 62320 67820 80420 30320 54920 12519 63319 28018 680NewMachinery and equipment


–588–783–578–973–666–1 378–445–3 233–2 083Net purchases of second hand

assets

13 17013 37013 19014 28314 51514 32715 23114 22514 645New engineering construction11 94011 42711 48411 87711 87012 22011 80311 25911 255New building


25 88726 54827 33527 15326 71125 66125 52425 83025 866Total dwellings




262 566261 885260 787260 019257 875256 842254 252252 605250 721Households





$m$m$m$m$m$m$m$m$m


2018–192017–182016–17

EXPENDITURE ON GDP, Cha in Volume Measures(a) : Seasona l l y ad jus ted6


(b) Change on preceding quarter, except for the last column which showsthe change between the current quarter and the correspondingquarter of the previous year.



–0.5–0.10.4–1.40.61.61.13.2—Imports of goods and services1.71.0–0.5—1.34.0–1.41.02.7Exports of goods and services

1.6—0.60.20.80.81.01.10.2Gross national expenditure


–1.5–0.7–1.00.4–0.21.6–0.52.60.6Total gross fixed capital formation

6.80.40.85.7–0.1–2.02.1–6.97.2


formation

12.40.83.35.91.9–2.61.8–8.412.6Total general government

17.33.06.74.32.4–2.03.2–16.723.8State and local

0.8–4.8–4.610.00.9–4.1–1.317.3–12.0Total national

2.7–1.92.87.5–5.4–5.41.431.7–22.4National–non-defence–1.1–7.5–10.712.16.9–2.8–3.86.5–2.1National–defence

General government

–8.3–1.1–6.65.1–5.6–0.43.0–2.2–6.3Total public corporations

–11.4–3.7–7.97.4–7.03.6–1.72.2–11.8State and local–2.43.7–4.11.1–3.0–7.111.9–9.33.6Commonwealth


–3.6–1.0–1.5–0.9–0.22.5–1.25.2–1.1


formation

6.91.01.81.03.01.60.80.61.6Total intellectual property products13.03.52.82.93.23.22.93.13.5Artistic originals11.72.92.82.62.93.43.03.53.3Computer software12.2–6.94.9–5.021.00.7–5.5–6.82.5Mineral and petroleum exploration–0.7–0.2–0.2—–0.2–0.4–0.6–1.3–0.5Research and development

Intellectual property products–16.0–4.60.2–5.3–7.2–4.8–5.3–0.6–3.3Cultivated biological resources

1.00.5–0.62.4–1.22.12.52.92.5Total machinery and equipment

0.4–0.3–0.62.5–1.22.12.51.83.2NewMachinery and equipment

–4.72.1–0.3–4.3–2.12.2–5.319.4–6.6Total non-dwelling construction

–9.3–1.51.4–7.6–1.61.3–5.97.1–2.9New engineering construction0.64.5–0.5–3.30.1–2.93.54.8—New building

Non-dwelling construction–23.8–13.0–7.2–4.7–0.91.1–2.6–2.41.8Ownership transfer costs

–3.1–2.5–2.90.71.74.10.5–1.2–0.1Total dwellings

–3.0–3.8–3.45.1–0.65.51.8–6.92.3Alterations and additions–3.1–1.8–2.6–1.52.83.4–0.11.9–1.4New and used dwellings



1.80.30.40.30.80.41.00.70.8Households

5.10.82.01.20.91.51.6–0.21.1Total general government

1.20.41.0–0.50.21.31.5–1.42.5State and local10.61.43.53.51.81.71.81.6–0.9Total national13.32.44.83.02.52.52.20.9–0.3National–non-defence

1.1–2.5–1.35.7–0.5–0.70.74.1–2.8National–defenceGeneral government



Mar 18 to

Mar 19

2018–192017–182016–17

EXPENDITURE ON GDP, Cha in Volume Measures (a ) —Percentage Changes(b) : Seasona l l y

adjus ted7


(b) Contributions to quarterly growth, except for the last column whichshows the contribution to growth between the current quarter andthe corresponding quarter of the previous year.



–0.30.2–0.2–0.2–0.1–0.30.1—0.1Statistical discrepancy (E)0.1—–0.10.3–0.1–0.3–0.2–0.7—Imports of goods and services0.40.2–0.1—0.30.8–0.30.20.5Exports of goods and services

1.6—0.60.20.80.81.01.10.3Gross national expenditure

—–0.10.2–0.30.2–0.10.30.1–0.6Changes in inventories


–0.4–0.2–0.30.1—0.4–0.10.60.2Total gross fixed capital formation

0.3——0.3—–0.10.1–0.40.4Total public gross fixed capital formation

0.4—0.10.20.1–0.10.1–0.30.5Total general government

0.40.10.20.10.1–0.10.1–0.50.6State and local———————0.1–0.1National–non-defence——–0.10.1—————National–defence

General government

–0.1—–0.10.1–0.1———–0.1Total public corporations

–0.1—–0.10.1–0.1———–0.1State and local——————0.1——Commonwealth


–0.7–0.2–0.3–0.2—0.5–0.21.0–0.2


formation

–0.10.1—–0.1–0.10.2–0.21.1–0.2Private business investment (s/s)

0.1———0.1————Total intellectual property products—————————Artistic originals—————————Mineral and petroleum exploration

0.1————————Computer software—————————Research and development

Intellectual property products—————————Cultivated biological resources

———0.1—0.10.10.10.1Total machinery and equipment

—————————Net purchases of second hand

assets

———0.1–0.10.10.10.10.1NewMachinery and equipment

–0.30.1—–0.2–0.10.1–0.31.0–0.4Total non-dwelling construction

———0.1–0.10.2–0.20.6–0.3Net purchases of second hand

assets

–0.3——–0.2–0.1—–0.20.2–0.1New engineering construction—0.1—–0.1—–0.10.10.1—New building

Non-dwelling construction–0.4–0.2–0.1–0.1—————Ownership transfer costs

–0.2–0.1–0.2—0.10.2—–0.1—Total dwellings

–0.1–0.1–0.10.1—0.1—–0.1—Alterations and additions–0.1–0.1–0.1–0.10.10.1—0.1–0.1New and used dwellings



1.00.10.20.20.50.20.60.40.4Households

1.00.20.40.20.20.30.3—0.2Total general government

0.1—0.1——0.10.2–0.20.3State and local0.80.20.30.20.20.10.1——National–Non-defence———0.1———0.1–0.1National–defence

General governmentFinal consumption expenditure

% pts% pts% pts% pts% pts% pts% pts% pts% pts


Mar 18 to

Mar 19

2018–192017–182016–17

EXPENDITURE ON GDP, Cha in volume measures (a ) —Contr ibu t ions to Growth(b) :

Seasona l l y Ad jus ted8



–1 494–2 269–1 339–474–481 4821 0631 225991Statistical discrepancy (E)105 364105 878104 558103 783100 49797 60094 46193 23392 525less Imports of goods and services118 958114 719110 979107 533104 63896 21495 64196 52699 066Exports of goods and services


5998861241 42163450323–1 2541 810Changes in inventories





14 05013 63412 68012 05811 60111 70211 24613 41810 672State and local

4 8295 0625 2544 7144 6194 8274 8664 1894 768Total national


General government








7438028248689199671 0491 1981 287Cultivated biological resources


–1 793–1 915–1 913–1 834–1 843–1 803–1 752–1 905–1 731Net purchases of second hand assets21 15320 89920 93720 30320 39119 89919 38619 12818 559New

Machinery and equipment


–620–820–604–1 008–681–1 395–451–3 245–2 068Net purchases of second hand assets14 00314 18113 84014 85614 89014 63315 48414 35114 673New engineering construction12 48911 89711 88912 21612 08512 40411 96011 37811 301New building


27 38228 05828 82128 46227 68826 42126 07726 19725 930Total dwellings




271 092269 365267 251265 348262 283259 878255 953254 031250 996Households





$m$m$m$m$m$m$m$m$m


2018–192017–182016–17

EXPENDITURE ON GDP, Cur ren t pr i ces : Seasona l l y ad jus ted9


(a) Chain price indexes are annually reweighted Laspeyres indexes with reference year 2016–17 = 100.0.


108.4108.5107.7105.6102.6101.199.0100.6100.1Imports of goods and services119.1115.2111.4108.2106.4102.299.8102.3107.4Exports of goods and services


103.8103.4102.9102.3101.3101.0100.6100.5100.0Total gross fixed capital formation

104.6104.2103.4102.5101.2100.8100.5100.4100.0Total public gross fixed capital formation


105.5105.3104.6103.7102.5101.7101.2100.6100.1State and local

102.3101.8100.999.698.598.798.599.9100.0Total national

100.9100.6100.6100.5100.1100.3100.1100.1100.0National–non-defence103.8103.0101.398.896.997.197.099.799.9National–defence

General government

104.7104.0103.0102.5101.0100.9100.6100.599.9Total public corporations

104.9104.2103.1102.5101.1101.1100.7100.599.9State and local104.4103.7102.8102.3100.9100.7100.6100.599.9Commonwealth


103.6103.2102.8102.2101.4101.0100.6100.6100.0Total private gross fixed capital formation

98.698.999.098.998.999.299.299.699.9Total intellectual property products103.3103.3102.7102.3101.9101.5101.0100.4100.3Artistic originals

93.093.794.494.995.696.797.498.599.5Computer software106.9107.7107.8105.9103.7102.4100.6100.8100.7Mineral and petroleum exploration102.3102.1101.7101.4101.1100.8100.5100.3100.1Research and development

Intellectual property products93.593.593.492.592.492.492.3100.1100.0Cultivated biological resources

102.5101.0100.599.999.298.998.899.499.5Machinery and equipment

105.3105.1104.3103.6102.3101.9101.5101.0100.2Total non-dwelling construction

106.1105.9104.8104.1102.6102.1101.6100.8100.1New engineering construction104.4104.0103.6103.0101.9101.6101.4101.1100.2New building

Non-dwelling construction99.7100.098.799.6100.3101.699.9100.3100.6Ownership transfer costs

105.7105.5105.2104.7103.6102.9102.1101.4100.3Total dwellings

106.2106.0105.9105.4104.4103.4102.5101.5100.4Alterations and additions105.4105.2104.9104.3103.2102.6101.9101.3100.3New and used dwellings



103.5103.1102.6102.0101.8101.2100.7100.4100.2Households



102.3102.5102.0101.4101.3101.0100.7100.2100.1National–defenceGeneral government


indexindexindexindexindexindexindexindexindex


2018–192017–182016–17

EXPENDITURE ON GDP, Cha in pr i ce indexes(a) : Or ig ina l10


(b) Change on preceding quarter, except for the last column whichshows the change between the current quarter and thecorresponding quarter of the previous year.

— nil or rounded to zero (including null cells)(a) Chain price indexes are annually reweighted Laspeyres indexes with

reference year 2016–17 = 100.0.

3.81.31.40.90.11.20.70.1–1.3Gross domestic product

5.6–0.20.72.02.91.52.2–1.60.4Imports of goods and services11.93.43.43.01.64.22.4–2.4–4.8Exports of goods and services



3.40.40.80.91.20.40.4—0.4Total public gross fixed capital formation

3.20.30.71.01.20.50.4—0.4Total general government

3.00.30.70.91.20.80.50.50.5State and local

3.80.50.91.31.1–0.20.2–1.4—Total national

0.80.3—0.10.4–0.20.2–0.10.1National–non-defence7.00.71.72.51.9–0.20.1–2.7–0.2National–defence

General government


3.80.71.10.51.4—0.40.20.6State and local3.50.60.90.51.50.20.1—0.6Commonwealth



–0.3–0.3–0.20.1—–0.3–0.1–0.4–0.3Total intellectual property products1.3—0.50.40.40.40.60.60.2Artistic originals

–2.7–0.8–0.7–0.5–0.7–1.2–0.8–1.1–0.9Computer software3.1–0.7–0.11.82.11.21.8–0.20.1Mineral and petroleum exploration1.20.30.30.30.30.30.30.20.2Research and development

Intellectual property products1.1—0.11.00.10.10.1–7.80.1Cultivated biological resources3.31.50.40.60.70.30.1–0.6–0.1Machinery and equipment



Non-dwelling construction–0.6–0.31.3–0.9–0.7–1.31.7–0.4–0.3Ownership transfer costs

2.00.20.20.51.00.70.70.71.0Total dwellings




1.60.30.50.50.20.60.60.30.2Households

1.6–1.71.41.60.4–1.31.31.10.7Total general government

2.70.50.61.30.40.70.51.00.5State and local0.2–4.82.62.00.6–4.32.51.21.2Total national0.1–6.03.12.40.8–5.63.11.41.6National–non-defence1.0–0.20.40.60.10.20.30.50.1National–defence



Mar 18 to

Mar 19

2018–192017–182016–17

EXPENDITURE ON GDP, Cha in pr ice indexes(a ) —Percentage changes(b) : Or ig ina l11


(a) Reference year for implicit price deflators is 2016–17.


108.0108.4107.4105.2102.4101.198.9100.8100.0Imports of goods and services118.7115.6111.3107.8106.2101.699.6101.5107.0Exports of goods and services






106.3106.3105.4104.5103.0101.8101.0100.498.8State and local

102.3102.1101.199.898.698.898.499.399.5Total national

101.1101.4101.0101.2100.5100.8100.6100.6100.4National–non-defence103.4102.8101.298.596.896.996.498.698.7National–defence

General government


104.8104.0103.0102.6101.1101.0100.5100.299.3State and local104.0103.3102.5102.2100.8100.6100.4100.499.8Commonwealth



98.098.598.798.798.799.099.199.599.9Total intellectual property products103.3103.2102.7102.2101.9101.5101.0100.5100.3Artistic originals

93.093.794.494.995.696.797.498.599.5Computer software107.1107.9108.0106.1103.8102.6100.7100.8100.8Mineral and petroleum exploration102.3102.1101.7101.4101.1100.8100.6100.3100.1Research and development

Intellectual property products79.882.284.684.482.983.185.396.8100.6Cultivated biological resources

102.6101.1100.6100.099.298.998.799.299.3Machinery and equipment



Non-dwelling construction99.799.998.899.7100.3101.599.9100.3100.7Ownership transfer costs

105.8105.7105.4104.8103.7103.0102.2101.4100.2Total dwellings




103.2102.9102.5102.0101.7101.2100.7100.6100.1Households



101.6102.0101.8101.4101.4101.2100.999.7100.1National–defenceGeneral government


IndexIndexIndexIndexIndexIndexIndexIndexIndex


2018–192017–182016–17

EXPENDITURE ON GDP, Imp l i c i t pr i ce def la to rs (a ) : Seasona l l y ad jus ted12


(b) Change on preceding quarter, except for the last column which showsthe change between the current quarter and the correspondingquarter of the previous year.

— nil or rounded to zero (including null cells)(a) Reference year for implicit price deflators is 2016–17.


5.4–0.40.92.12.71.32.2–1.90.8Imports of goods and services11.82.73.93.21.54.62.0–1.9–5.2Exports of goods and services





3.50.21.00.91.40.80.7–0.11.3Total general government

3.30.10.80.91.51.10.80.61.6State and local

3.70.21.01.41.2–0.20.4–0.9–0.2Total national

0.7–0.20.4–0.20.7–0.30.3–0.10.3National–non-defence6.90.61.62.71.8–0.10.5–2.2–0.1National–defence

General government


3.70.70.90.41.60.10.50.30.8State and local3.20.60.80.21.50.10.2—0.7Commonwealth



–0.7–0.5–0.2——–0.4–0.1–0.4–0.4Total intellectual property products1.3—0.50.40.30.30.50.50.2Artistic originals

–2.7–0.8–0.7–0.5–0.7–1.2–0.8–1.1–1.0Computer software3.1–0.7–0.11.82.21.21.9–0.1—Mineral and petroleum exploration1.20.30.30.30.30.30.30.20.2Research and development

Intellectual property products–3.7–2.9–2.80.21.8–0.2–2.7–11.9–3.7Cultivated biological resources3.41.50.40.60.80.40.1–0.5–0.1Machinery and equipment



Non-dwelling construction–0.6–0.21.2–1.0–0.6–1.21.6–0.4–0.4Ownership transfer costs

2.00.10.20.61.10.70.80.71.2Total dwellings

1.5–0.10.20.41.00.91.01.01.3Alterations and additions2.30.20.30.61.20.60.70.61.1New and used dwellings



1.50.40.40.40.30.50.50.10.5Households

—–0.5—0.5——0.50.80.4Total general government

1.2—0.21.0—0.50.61.30.3State and local–1.5–1.1–0.3–0.1—–0.70.40.20.5Total national–1.8–1.2–0.4–0.3—–1.00.4–0.10.7National–non-defence0.1–0.50.20.5–0.10.20.41.2–0.4National–defence



Mar 18 to

Mar 19

2018–192017–182016–17

EXPENDITURE ON GDP, Imp l i c i t pr i ce def la to rs (a ) —Percentage changes(b) : Seasona l l y

adjus ted13


(c) Includes water transport.(d) Excludes ownership of dwellings.

(a) At basic prices.(b) Reference year for chain volume measures is 2016–17.

13 67313 69613 65513 56013 41213 33513 38313 45213 378Total

11 37511 39811 37711 33211 25711 24711 37211 53411 551Property operators and real estate services2 2982 2982 2782 2272 1552 0882 0091 9171 826Rental and hiring services

Rental, hiring and real estate services(d)L

40 73940 47140 22239 97639 71739 47539 24038 91638 474Total

12 14112 03011 94111 85111 70611 51211 30911 08510 847Other financial and insurance services28 59728 44228 28128 12528 01127 96327 93027 83027 626Finance

Financial and insurance servicesK

11 55411 45311 36211 32111 29511 25011 16511 09111 008Total

5 4535 4395 4275 4315 4305 4315 4385 4405 391Other information and media services6 0956 0155 9355 8905 8635 8195 7455 6715 617Telecommunications services

Information media and telecommunicationsJ

21 00120 92720 88020 86820 89820 89220 89320 93020 897Total

9 3339 3879 4599 5149 5479 5379 5719 6619 676Transport, postal and storage services3 0943 0603 0253 0042 9972 9892 9842 9782 975Rail, pipeline and other transport(c)2 4162 4062 3962 3892 3782 3592 3272 2932 264Air and space transport6 1596 0746 0005 9615 9766 0056 0096 0025 987Road transport

Transport, postal and warehousingI10 73910 76210 75910 73710 71410 69510 63210 44810 246Accommodation and food servicesH19 66419 65719 63119 57319 48019 39119 30219 20119 060Retail tradeG17 89617 77517 67217 59817 55217 49717 46317 49317 515Wholesale tradeF

33 59534 21734 84335 38235 53035 21234 68534 12633 561Total

18 57018 78719 01019 24819 42519 50619 50519 35019 117Construction services7 4177 7328 0848 3688 4168 1687 7807 4437 167Heavy and civil engineering construction7 6497 6977 7467 7667 6897 5397 4017 3337 297Building construction

ConstructionE

11 21611 22811 23411 22111 19111 13611 10511 08011 022Total

4 4584 4814 5014 4934 4594 4284 4184 3974 332Water supply and waste services448445437429426431433428425Gas

6 3126 3016 2966 2996 3066 2766 2536 2526 264ElectricityElectricity, gas, water and waste servicesD

26 00226 04626 18826 34626 39526 30826 05625 73425 473Total

5 3815 4125 5325 7095 8465 8145 6735 5595 521Other manufacturing4 6744 7494 8044 7914 7744 8705 0255 1115 059Machinery and equipment4 3754 3524 3094 2334 1064 0113 9713 9523 965Metal products4 6774 6744 7014 7814 8514 8664 8624 8284 758

Petroleum, coal, chemical and rubberproducts

6 8946 8596 8426 8326 8176 7296 5446 3746 291Food, beverage and tobacco productsManufacturingC

36 42536 25936 07735 75735 08434 34133 80033 67733 671Total

1 8761 9051 9131 8781 8061 7361 6861 6601 663Exploration and mining support services34 55034 35534 16433 88033 27832 60532 11832 02532 017

Mining excluding exploration and miningsupport services

4 0964 0453 9903 9073 7383 5803 5213 5863 699Other mining12 04812 09212 14312 21212 20712 09811 97311 90311 879Iron ore mining

8 7208 3968 0367 6557 3137 1347 0256 9286 751Oil and gas extraction9 7009 8219 99410 10610 0379 7729 5199 5099 644Coal mining

MiningB

10 67910 92111 21011 39711 50311 65512 03012 40312 359Total

1 6101 6271 6601 7021 7321 7451 7541 7721 794Forestry and fishing9 1319 2979 5489 6959 7709 91010 27610 63210 567Agriculture

Agriculture, forestry and fishingA

$m$m$m$m$m$m$m$m$m


2018–192017–182016–17

INDUSTRY GROSS VALUE ADDED (a) , Cha in Volume Measures (b ) : Trend14


(b) Reference year for chain volume measures is 2016–17.(a) At basic prices.


613734709570232–104–534–715–349Statistical discrepancy (P)30 85031 03331 13431 06130 95430 88930 71830 34229 951Taxes less subsidies on products

432 165430 651429 160427 321424 507421 158418 229415 880412 941Gross value added at basic prices

38 96238 73638 50538 27438 04437 81837 59537 37537 158Ownership of dwellings..8 3638 3058 2338 1568 0647 9367 7947 7507 757Other servicesS3 8523 7883 7263 6823 6523 6093 5583 5223 512Arts and recreation servicesR

34 33733 72333 07032 42631 88731 39630 87730 36929 983Health care and social assistanceQ21 68221 58121 47221 36121 25021 14321 04520 95520 872Education and trainingP24 62624 30123 93523 58623 29623 07322 95123 03223 184Public administration and safetyO15 39715 21715 04214 86014 66314 49814 38814 25114 080Administrative and support servicesN

31 69631 59131 45731 24030 88130 50430 25930 07829 756Total

23 13323 18623 26123 23822 98122 66122 55222 63622 640Other professional, scientific and technical

services

8 5638 4058 1968 0027 9017 8427 7027 4347 111Computer system design and related

services

Professional, scientific and technical servicesM

$m$m$m$m$m$m$m$m$m


2018–192017–182016–17

INDUSTRY GROSS VALUE ADDED (a) , Cha in Volume Measures (b ) : Trend co n t i n u e d14


(c) Change on preceding quarter, except for the last column which showsthechange between the current quarter and the corresponding quarterof theprevious year.

(d) Includes water transport.

— nil or rounded to zero (including null cells)(a) At basic prices.(b) Reference year for chain volume measures is 2016–17.

1.9–0.20.30.71.10.6–0.4–0.50.6Total

1.0–0.20.20.40.70.1–1.1–1.4–0.2Property operators and real estate services6.6—0.92.33.43.23.94.85.0Rental and hiring services

Rental, hiring and real estate services(b)L

2.60.70.60.60.70.60.60.81.1Total

3.70.90.70.81.21.71.82.02.2Other financial and insurance services2.10.50.60.60.40.20.10.40.7Finance


2.30.90.80.40.20.40.80.70.8Total

0.40.30.2–0.1——–0.1—0.9Other information and media services4.01.31.30.80.50.81.31.31.0Telecommunications services


0.50.40.20.1–0.1——–0.20.2Total

–2.2–0.6–0.8–0.6–0.30.1–0.4–0.9–0.1Transport, postal and storage services3.21.11.20.70.20.30.20.20.1Rail, pipeline and other transport(d)1.60.40.40.30.50.81.41.51.3Air and space transport3.01.41.20.7–0.3–0.5–0.10.10.2Road transport

Transport, postal and warehousingI0.2–0.2—0.20.20.20.61.82.0Accommodation and food servicesH0.9—0.10.30.50.50.50.50.7Retail tradeG2.00.70.60.40.30.30.2–0.2–0.1Wholesale tradeF

–5.4–1.8–1.8–1.5–0.40.91.51.61.7Total

–4.4–1.2–1.2–1.2–0.9–0.4—0.81.2Construction services–11.9–4.1–4.3–3.4–0.63.05.04.53.8Heavy and civil engineering construction

–0.5–0.6–0.6–0.31.02.01.90.90.5Building constructionConstructionE

0.2–0.1–0.10.10.30.50.30.20.5Total

—–0.5–0.40.20.80.70.20.51.5Water supply and waste services5.20.71.81.90.7–1.0–0.61.20.7Gas0.10.20.1—–0.10.50.4—–0.2Electricity

Electricity, gas, water and waste servicesD

–1.5–0.2–0.5–0.6–0.20.31.01.21.0Total

–8.0–0.6–2.2–3.1–2.40.62.52.10.7Other manufacturing–2.1–1.6–1.10.30.4–2.0–3.1–1.71.0Machinery and equipment6.50.51.01.83.12.41.00.5–0.3Metal products

–3.60.1–0.6–1.7–1.4–0.30.10.71.5Petroleum, coal, chemical and rubber

products

1.10.50.30.10.21.32.82.71.3Food, beverage and tobacco productsManufacturingC

3.80.50.50.91.92.21.60.4—Total

3.9–1.5–0.41.94.04.03.01.5–0.2Exploration and mining support services3.80.60.60.81.82.11.50.3—


9.61.31.42.14.54.41.7–1.8–3.1Other mining–1.3–0.4–0.4–0.6—0.91.00.60.2Iron ore mining19.23.94.55.04.72.51.51.42.6Oil and gas extraction–3.4–1.2–1.7–1.10.72.72.70.1–1.4Coal mining

MiningB

–7.2–2.2–2.6–1.6–0.9–1.3–3.1–3.00.3Total

–7.1–1.1–2.0–2.5–1.8–0.7–0.5–1.0–1.2Forestry and fishing–6.5–1.8–2.6–1.5–0.8–1.4–3.6–3.30.6Agriculture



Mar 18 to

Mar 19

2018–192017–182016–17

INDUSTRY GROSS VALUE ADDED (a) , Cha in Volume Measures (b ) —Percentage changes(c ) :

Trend15


(c) Change on preceding quarter, except for the last column which showsthechange between the current quarter and the corresponding quarterof theprevious year.



–0.3–0.6–0.30.20.30.20.61.21.3Taxes less subsidies on products

1.80.40.30.40.70.80.70.60.7Gross value added at basic prices

2.40.60.60.60.60.60.60.60.6Ownership of dwellings..3.70.70.90.91.11.61.80.6–0.1Other servicesS5.51.71.71.20.81.21.41.00.3Arts and recreation servicesR7.71.82.02.01.71.61.71.71.3Health care and social assistanceQ2.00.50.50.50.50.50.50.40.4Education and trainingP5.71.31.51.51.21.00.5–0.4–0.7Public administration and safetyO5.01.21.21.21.31.10.81.01.2Administrative and support servicesN

2.60.30.40.71.21.20.80.61.1Total

0.7–0.2–0.30.11.11.40.5–0.4—Other professional, scientific and technical

services

8.41.92.52.41.30.71.83.64.5Computer system design and related

services



Mar 18 to

Mar 19

2018–192017–182016–17

INDUSTRY GROSS VALUE ADDED (a) , Cha in Volume Measures (b ) —Percentage changes(c ) :

Trend co n t i n u e d15


(c) Includes water transport.(d) Excludes ownership of dwellings.

(a) At basic prices.(b) Reference year for chain volume measures is 2016–17.

13 62213 68113 76513 53213 32813 46513 19413 55113 478Total

11 34611 39611 42811 33811 17511 37811 16311 63011 693Property operators and real estate services2 2752 2852 3362 1942 1522 0862 0301 9151 788Rental and hiring services

Rental, hiring and real estate services(d)L

40 83140 34040 29539 97939 71639 42039 24739 03138 398Total

12 23311 90211 99711 86611 71811 47611 31111 14710 790Other financial and insurance services28 59828 43828 29828 11327 99827 94427 93627 88327 609Finance


11 58511 50111 23611 41211 24611 31911 07511 17310 946Total

5 4515 4805 3595 4715 4265 4435 3765 5075 406Other information and media services6 1346 0215 8765 9415 8205 8775 6995 7055 573Telecommunications services


21 03620 99020 71820 98020 89620 83820 96720 78721 067Total

9 3629 4029 3499 6629 5029 4739 6669 5089 843Transport, postal and storage services3 1043 0473 0442 9782 9973 0242 9492 9822 993Rail, pipeline and other transport(c)2 4122 4182 3832 3902 3852 3572 3262 2972 259Air and space transport6 1596 1235 9415 9496 0125 9836 0265 9945 986Road transport


33 73334 04634 75235 76135 26335 40834 63434 01433 761Total

18 66318 66218 99419 45019 15019 73019 39519 44119 133Construction services7 4077 7168 0098 5158 4028 1537 8657 2517 318Heavy and civil engineering construction7 6637 6687 7497 7967 7117 5247 3757 3247 307Building construction

ConstructionE

11 27011 13711 28811 26311 12111 15611 15110 99011 105Total

4 4614 4444 5464 4904 4544 4064 4364 3924 349Water supply and waste services440454439425419443424436422Gas

6 3696 2386 3046 3476 2476 3076 2906 1556 335ElectricityElectricity, gas, water and waste servicesD

26 11825 94226 12726 40226 55426 05526 22225 86525 162Total


Petroleum, coal, chemical and rubberproducts

6 9676 7816 8536 8616 8036 6996 6736 2836 177Food, beverage and tobacco productsManufacturingC

36 40836 38335 86035 94535 33134 02533 69433 90333 481Total

1 8501 9131 9271 8991 7861 7201 7221 6331 664Exploration and mining support services34 55834 47033 93334 04533 54532 30631 97232 28431 823


4 0634 0704 0113 8373 8823 5053 4163 6943 679Other mining12 05912 05412 17612 18112 21212 22111 81611 91911 939Iron ore mining

8 6638 5627 9267 6247 4746 9177 0517 1236 584Oil and gas extraction9 7739 7839 82010 4029 9789 6639 6899 2699 700Coal mining

MiningB

10 74710 77111 26211 52811 52111 35212 24812 23612 675Total



$m$m$m$m$m$m$m$m$m


2018–192017–182016–17

INDUSTRY GROSS VALUE ADDED (a) , Cha in Volume Measures (b ) : Seasona l l y ad jus ted 16


(b) Reference year for chain volume measures is 2016–17.(a) At basic prices.


407964740383410–49–755–375–1 040Statistical discrepancy (P)30 77630 99431 26631 14730 75530 79531 11730 15929 855Taxes less subsidies on products

432 724430 074429 018428 167424 515420 556418 310415 862413 325Gross value added at basic prices



31 86331 30231 64731 34230 74630 51430 23630 10229 736Total

23 25822 98723 33723 34623 05522 47122 53422 67822 689Other professional, scientific and technical

services

8 6058 3158 3097 9967 6918 0437 7027 4077 048Computer system design and related

services


$m$m$m$m$m$m$m$m$m


2018–192017–182016–17

INDUSTRY GROSS VALUE ADDED (a) , Cha in Volume Measures (b ) : Seasona l l y ad jus ted

co n t i n u e d16


(c) Change on preceding quarter, except for the last column whichshows thechange between the current quarter and thecorresponding quarter of theprevious year.

(d) Includes water transport.


3.00.72.4–1.51.5–0.62.2–0.92.1Total

0.5–0.52.3–2.00.8–0.31.2–2.41.9Other information and media

services

5.41.92.5–1.12.1–1.03.1–0.12.4Telecommunications services

Information media andtelecommunications

J

0.70.21.3–1.20.40.3–0.60.9–1.3Total

–1.5–0.40.6–3.21.70.3–2.01.7–3.4Transport, postal and storage

services

3.61.90.12.2–0.6–0.92.5–1.1–0.4Rail, pipeline and other transport(d)

1.1–0.31.5–0.30.21.21.41.31.7Air and space transport2.40.63.1–0.1–1.00.5–0.70.50.1Road transport

Transport, postal and warehousingI0.9–0.2–0.40.41.1–1.11.21.22.6Accommodation and food servicesH1.0——0.30.70.40.40.51.0Retail tradeG2.00.90.80.10.20.7–0.10.4–0.8Wholesale tradeF

–4.3–0.9–2.0–2.81.4–0.42.21.80.7Total

–2.5—–1.8–2.31.6–2.91.7–0.21.6Construction services–11.8–4.0–3.7–6.01.33.13.78.5–0.9

Heavy and civil engineeringconstruction

–0.6–0.1–1.0–0.61.12.52.00.70.2Building constructionConstructionE

1.31.2–1.30.21.3–0.30.11.5–1.0Total

0.20.4–2.21.20.81.1–0.71.01.0Water supply and waste services4.9–3.33.63.31.3–5.44.4–2.63.4Gas2.02.1–1.0–0.71.6–0.90.32.2–2.8Electricity

Electricity, gas, water and wasteservices

D

–1.60.7–0.7–1.0–0.61.9–0.61.42.8Total

–8.51.1–0.1–6.3–3.34.6–1.46.03.7Other manufacturing–5.6–5.81.30.3–1.32.8–7.9–1.32.4Machinery and equipment6.82.3–1.93.82.53.01.8–3.45.0Metal products

–2.22.4–1.8–1.6–1.2–2.54.8–3.41.9Petroleum, coal, chemical and

rubber products

2.42.7–1.0–0.10.91.50.46.21.7Food, beverage and tobacco

products

ManufacturingC

3.10.11.5–0.21.73.81.0–0.61.3Total

3.6–3.3–0.71.56.43.9–0.15.5–1.9Exploration and mining support

services

3.00.31.6–0.31.53.81.0–1.01.4Mining excluding exploration and

mining support services

4.7–0.21.54.5–1.110.82.6–7.50.4Other mining–1.3—–1.0—–0.3–0.13.4–0.9–0.2Iron ore mining15.91.28.04.02.08.1–1.9–1.08.2Oil and gas extraction–2.0–0.1–0.4–5.64.33.3–0.34.5–4.4Coal mining

MiningB

–6.7–0.2–4.4–2.30.11.5–7.30.1–3.5Total

–6.4–0.1–0.4–5.8–0.1–0.4–0.4–2.0–0.3Forestry and fishing–6.8–0.3–5.0–1.70.11.8–8.50.4–4.0Agriculture



Mar 18 to

Mar 19

2018–192017–182016–17

INDUSTRY GROSS VALUE ADDED (a) , Cha in volume measures (b) —Percentage Changes(c ) :

Seasona l l y ad jus ted17


(c) Change on preceding quarter, except for the last column whichshows thechange between the current quarter and thecorresponding quarter of theprevious year.

(d) Excludes ownership of dwellings.



0.1–0.7–0.90.41.3–0.1–1.03.21.0Taxes less subsidies on products

1.90.60.20.20.90.90.50.60.6Gross value added at basic prices

2.40.60.60.60.60.60.60.60.6Ownership of dwellings..5.11.80.20.42.60.12.21.9–0.5Other servicesS6.02.12.30.50.90.72.31.0–0.2Arts and recreation servicesR6.91.22.22.70.62.21.32.30.7Health care and social assistanceQ2.10.50.50.50.50.50.50.40.4Education and trainingP5.00.62.41.50.51.50.6–0.3–1.3Public administration and safetyO4.61.70.42.00.42.20.40.11.9Administrative and support servicesN

3.61.8–1.11.01.90.80.90.41.2Total

0.91.2–1.5—1.32.6–0.3–0.6—Other professional, scientific and

technical services

11.93.50.13.94.0–4.44.44.05.1Computer system design and

related services

Professional, scientific and technicalservices

M

2.2–0.4–0.61.71.5–1.02.1–2.60.5Total

1.5–0.4–0.30.81.5–1.81.9–4.0–0.5Property operators and real estate

services

5.7–0.4–2.26.51.93.22.86.07.1Rental and hiring services

Rental, hiring and real estateservices(d)

L

2.81.20.10.80.70.80.40.61.6Total

4.42.8–0.81.11.32.11.51.53.3Other financial and insurance

services

2.10.60.50.70.40.2—0.21.0FinanceFinancial and insurance servicesK


Mar 18 to

Mar 19

2018–192017–182016–17

INDUSTRY GROSS VALUE ADDED (a) , Cha in volume measures (b) —Percentage Changes(c ) :

Seasona l l y ad jus ted co n t i n u e d17


(b) Change on preceding quarter, except for the last column which shows thechange between the current quarter and the corresponding quarter of theprevious year.

. . not applicable— nil or rounded to zero (including null cells)(a) Includes contributions to superannuation made by employers and payments of

workers' compensation premiums.


0.5–0.2–0.2—0.91.30.80.61.3Taxes less subsidies on production and imports

5.11.31.21.21.31.41.20.70.9Total factor income

–1.9–1.2–1.2–0.61.12.10.8–1.4–0.7Gross mixed income

7.82.12.01.91.61.71.10.60.7Total gross operating surplus

2.40.60.60.60.60.70.80.90.8Dwellings owned by persons3.10.80.80.80.80.91.11.21.1General government9.82.62.62.32.02.01.20.50.6Total corporations7.01.71.81.81.61.31.31.62.1Financial corporations

10.72.92.82.52.12.21.10.20.1Total non-financial corporations

–4.0–3.0–2.8–1.02.94.21.9–1.5–3.0Public non-financial corporations11.53.23.12.72.12.11.10.30.3Private non-financial corporations

Non-financial corporationsGross operating surplus

4.31.11.11.01.01.11.31.41.1Total compensation of employees4.21.11.11.01.01.21.41.51.3Employers' social contributions(a)4.31.11.11.01.01.11.31.41.1Wages and salaries

Compensation of employees

PE R C E N T A G E CH A N G E S (b) (% )

. .488 542482 623477 036471 378465 103458 333453 248450 538Gross domestic product

. .1 206915551–51–653–980–966–631Statistical discrepancy (I)

. .47 14447 23647 34447 32846 92346 34245 95445 692Taxes less subsidies on production and imports

. .440 197434 472429 141424 101418 833412 971408 260405 477Total factor income

. .39 14339 60040 06440 30639 88439 04638 72239 280Gross mixed income

. .172 396168 898165 523162 491159 868157 259155 574154 582Total gross operating surplus

. .34 99834 80334 60234 40034 17933 93433 65633 360Dwellings owned by persons

. .10 0269 9509 8749 7999 7229 6339 5299 418General government

. .127 371124 147121 049118 294115 967113 692112 390111 804Total corporations

. .29 92429 41328 90228 39727 95627 59427 24626 804Financial corporations

. .97 44694 73392 14789 89788 01186 09885 14384 999Total non-financial corporations

. .4 3574 4914 6214 6684 5384 3554 2734 336Public non-financial corporations

. .93 09090 24387 52685 22983 47381 74380 87080 663Private non-financial corporationsNon-financial corporations

Gross operating surplus

. .228 420225 983223 578221 303219 081216 666213 963210 983Total compensation of employees

. .24 63624 38024 12623 88723 64123 35923 04722 705Employers' social contributions(a)

. .203 784201 603199 452197 416195 439193 307190 916188 278Wages and salariesCompensation of employees

VA L U E S ( $ m )


Mar 18 to

Mar 19

2018–192017–182016–17

INCOME FROM GDP, Cur ren t pr ices : Trend18



. . not applicable(a) Includes contributions to superannuation made by employers and payments of

workers' compensation premiums.


1.01.0–1.2–0.21.31.50.9–0.11.3Taxes less subsidies on production and imports

5.01.51.31.11.01.81.11.0–0.1Total factor income

–1.5–0.8–0.8–2.42.61.91.9–1.3–3.8Gross mixed income

7.52.52.31.70.82.90.51.2–0.9Total gross operating surplus

2.30.40.60.70.50.80.90.80.9Dwellings owned by persons3.20.80.80.70.80.91.01.41.0General government9.53.22.92.10.93.70.31.3–1.6Total corporations7.21.91.61.91.61.50.91.72.3Financial corporations

10.23.63.32.20.74.40.11.2–2.8Total non-financial corporations

–5.2–3.3–4.0–1.43.55.23.4–4.4–2.1Public non-financial corporations11.03.93.72.40.64.4–0.11.5–2.9Private non-financial corporations

Non-financial corporationsGross operating surplus

4.31.20.91.20.81.11.41.31.3Total compensation of employees4.21.21.01.10.91.11.61.31.3Employers' social contributions(a)4.31.20.91.30.81.11.41.31.3Wages and salaries



. .489 136482 278476 652471 634466 381456 984453 306448 720Gross domestic product

. .9731 172485–7–466–1 538–425–997Statistical discrepancy (I)

. .47 36546 90247 45647 53946 91546 21645 81045 848Taxes less subsidies on production and imports

. .440 798434 204428 711424 102419 933412 306407 921403 869Total factor income

. .39 20139 52639 85440 83239 80939 07938 35238 869Gross mixed income

. .173 060168 860165 095162 258160 917156 389155 681153 836Total gross operating surplus

. .34 97834 82434 60334 37234 20833 93633 64133 376Dwellings owned by persons

. .10 0309 9499 8709 8019 7219 6349 5399 411General government

. .128 052124 086120 622118 085116 988112 819112 501111 049Total corporations

. .29 95129 38328 92928 38427 95027 53827 30326 851Financial corporations

. .98 10194 70391 69389 70189 03885 28185 19784 198Total non-financial corporations

. .4 3194 4674 6524 7174 5574 3334 1904 384Public non-financial corporations

. .93 78290 23687 04184 98484 48180 94881 00779 814Private non-financial corporationsNon-financial corporations


. .228 536225 819223 762221 013219 207216 838213 889211 163Total compensation of employees

. .24 65124 36524 13523 86823 65123 39023 01822 727Employers' social contributions(a)

. .203 885201 454199 627197 145195 556193 448190 871188 437Wages and salariesCompensation of employees

VA L U E S ( $ m )


Mar 18 to

Mar 19

2018–192017–182016–17

INCOME FROM GDP, Cur ren t pr ices : Seasona l l y ad jus ted19



. . not applicable— nil or rounded to zero (including null cells)(a) Reference year for chain volume measures is 2016–17.

1.70.30.40.40.60.70.80.70.7Total

1.10.40.30.20.10.40.70.50.4Other goods and services2.30.50.50.60.60.70.80.80.7Insurance and other financial services1.30.30.50.30.20.51.21.70.9Hotels, cafes and restaurants1.20.20.30.30.40.50.70.70.5Education services1.3–0.10.10.40.91.21.21.00.7Recreation and culture3.70.60.80.91.41.51.31.11.3Communications3.40.50.70.91.31.41.20.3–0.3Transport services

–0.9–0.1–0.2–0.3–0.3–0.10.20.40.6Operation of vehicles–3.4–0.3–0.8–1.3–1.1–0.2——0.3Purchase of vehicles4.10.91.11.01.00.90.80.70.8Health

–0.2–0.7–0.5—1.01.31.20.70.4Furnishings and household equipment–1.1–0.2–0.6–0.40.10.7–0.1–0.9–0.7Electricity, gas and other fuel2.30.60.60.60.60.60.60.60.6Rent and other dwelling services4.10.70.91.21.31.11.31.30.9Clothing and footwear0.5–0.3—0.30.50.30.40.70.6Alcoholic beverages

–6.0–1.3–1.7–1.8–1.3–0.6—0.60.9Cigarettes and tobacco3.10.40.71.01.00.70.81.11.4Food


. .262 619261 823260 854259 727258 234256 450254 458252 575Total

. .16 62716 56716 51016 47316 44916 38616 27216 185Other goods and services

. .23 83223 70323 57423 44123 29223 12422 93322 749Insurance and other financial services

. .17 99317 94517 84717 78617 75717 67317 45717 171Hotels, cafes and restaurants

. .12 30912 28112 24612 20812 16512 10112 01411 931Education services

. .26 50426 52726 49626 39526 15625 84425 53025 287Recreation and culture

. .5 7835 7475 7035 6515 5765 4935 4225 361Communications

. .8 2388 1968 1378 0697 9687 8567 7647 741Transport services

. .12 37012 38812 41312 45012 48712 49412 47212 424Operation of vehicles

. .5 7145 7305 7765 8535 9185 9295 9275 925Purchase of vehicles

. .17 40617 24317 05516 88016 71416 56416 42816 317Health

. .11 89211 97012 03012 03411 91611 76211 62411 547Furnishings and household equipment

. .5 9555 9666 0016 0256 0195 9805 9846 040Electricity, gas and other fuel

. .53 85053 54553 23452 92252 61452 30752 00851 709Rent and other dwelling services

. .9 5909 5279 4389 3289 2119 1148 9998 887Clothing and footwear

. .5 0525 0675 0665 0525 0265 0094 9904 955Alcoholic beverages

. .4 1064 1614 2344 3134 3684 3944 3964 368Cigarettes and tobacco

. .25 36525 26325 10024 84924 59824 42124 23723 974Food

LE V E L S ( $ m )


Mar 18 to

Mar 19

2018–192017–182016–17

HOUSEHOLD FINAL CONSUMPTION EXPENDITURE, Cha in volume measures (a ) : Trend20




1.80.30.40.30.80.41.00.70.8Total

1.60.50.8–0.60.9–0.20.81.00.1Other goods and services2.30.60.60.50.70.80.70.90.9Insurance and other financial services1.7–0.40.70.80.5–1.83.90.51.2Hotels, cafes and restaurants1.40.30.5—0.60.50.51.10.4Education services1.2–0.50.30.41.10.81.80.60.6Recreation and culture4.21.10.70.41.91.41.60.51.8Communications3.40.8—1.61.00.92.5–0.50.1Transport services

–0.8–0.40.4–1.00.1–0.30.20.60.1Operation of vehicles–3.11.2–1.4–1.4–1.40.10.6–0.3–0.7Purchase of vehicles4.20.71.70.71.10.71.5–0.11.1Health—–0.4–0.9–0.41.71.21.5–0.32.0Furnishings and household equipment

–0.41.8–1.7–1.10.71.8–1.91.2–2.9Electricity, gas and other fuel2.40.60.60.60.60.60.60.60.5Rent and other dwelling services3.7–0.62.30.31.51.30.81.12.1Clothing and footwear1.70.3–1.00.51.9–1.51.7–0.42.2Alcoholic beverages

–6.2–0.9–2.6–1.2–1.8–0.60.7–0.51.4Cigarettes and tobacco3.40.30.41.01.60.5–0.22.01.5Food


. .262 566261 885260 787260 019257 875256 842254 252252 605Total

. .16 65516 57716 44716 53816 39816 42716 29316 131Other goods and services

. .23 83723 70223 56823 44923 29623 11622 95022 740Insurance and other financial services

. .17 93318 00217 87417 72717 63417 96617 29117 199Hotels, cafes and restaurants

. .12 32312 28512 22612 22712 15812 09712 03811 911Education services

. .26 43626 57526 50826 41326 13325 91425 44525 292Recreation and culture

. .5 7995 7365 6975 6745 5685 4915 4055 381Communications

. .8 2418 1778 1748 0477 9687 8987 7087 747Transport services

. .12 37012 41412 36112 48912 47112 50412 47712 401Operation of vehicles

. .5 7585 6875 7705 8545 9415 9365 8985 917Purchase of vehicles

. .17 40917 29217 00416 89216 71316 59816 35516 365Health

. .11 89511 94012 04612 09311 89611 75511 58311 619Furnishings and household equipment

. .6 0075 9036 0036 0696 0295 9216 0375 966Electricity, gas and other fuel

. .53 85653 54453 23352 92352 61152 30852 01051 697Rent and other dwelling services

. .9 5509 6049 3849 3529 2119 0939 0178 920Clothing and footwear

. .5 0575 0435 0935 0694 9745 0514 9694 988Alcoholic beverages

. .4 1044 1414 2504 3014 3784 4054 3734 396Cigarettes and tobacco

. .25 33625 26225 14924 90124 49724 36424 40223 931Food

LE V E L S ( $ m )


Mar 18 to

Mar 19

2018–192017–182016–17

HOUSEHOLD FINAL CONSUMPTION EXPENDITURE, Cha in volume measures (a ) : Seasona l l y

adjus ted21



4601 048–191 449414778–511–1 2051 223Total changes in

inventories

–534959–91103127–62–2817–430Public authorities–6893249–82–14699–30238363Farm

1 062–4–1771 42843374072–1 2561 295Total private non-farm

–273149–14019–89–4–101240–14Other non-farm industries733281671277–618–7–134–680539Retail trade

–35960–5515721 451–18149–1 291216Wholesale trade625–16955188233157986451–243Manufacturing335–326–210372–545775–72786930Mining

Changes in inventories

SE A S O N A L L Y AD J U S T E D

570624696824803236–345–341189Total changes in

inventories

56213250154–14–34–176–210–89Public authorities32958529–66–129–585778Farm

322313368641883398–112–189199Total private non-farm

–68–48–32–29–70–33336643Other non-farm industries511551451111–120–318–277–14728Retail trade

–244–251–5511756343–423–583109Wholesale trade1751177367242472596405–33Manufacturing–60–57–117–1975–69–239530Mining


TR E N D

$m$m$m$m$m$m$m$m$m


2018–192017–182016–17

CHANGES IN INVENTORIES, Cha in volume measures (a )22


(a) Includes output produced by the household sector for its own consumption.

8 3768 7889 13610 4169 89710 55610 12510 84710 525Gross agricultural value added at producer prices197198202208199208206213212plus Taxes less subsidies on products

8 1798 5918 93410 2089 69810 3489 91810 63410 313Gross agricultural value added at basic prices

2 7963 2463 5954 9714 5175 1974 7615 4045 063Agricultural income

228214233231225230233239243less Other taxes less subsidies on production5 1555 1315 1065 0064 9564 9214 9244 9925 007

less Compensation of employees, consumption of fixed capital,net property and other income payable


13 29812 88612 93612 26711 74812 07912 43612 52212 720less Intermediate input costs21 47721 47721 87022 47521 44622 42822 35423 15623 033Gross value of agricultural production(a)


8 6088 7979 3329 93710 22110 33010 42010 65710 714Gross agricultural value added at producer prices196199202203204205208212214plus Taxes less subsidies on products


3 0203 2503 8204 4864 8334 9705 0405 2315 245Agricultural income

219224227229229229234240241less Other taxes less subsidies on production5 1745 1255 0825 0194 9554 9254 9384 9745 014

less Compensation of employees, consumption of fixed capital,net property and other income payable


12 93513 01412 75712 26611 99612 03612 33112 57212 684less Intermediate input costs21 34721 61221 88722 00022 01322 16122 54323 01623 185Gross value of agricultural production(a)

TR E N D

$m$m$m$m$m$m$m$m$m


2018–192017–182016–17

AGRICULTURAL INCOME, Cur rent pr i ces23



0.4–0.11.40.50.81.30.90.90.2State final demand

3.2–2.911.9–1.3–0.8–2.19.14.1–17.0Public–0.8–2.01.0–0.61.12.22.11.74.3Private


0.40.10.21.00.31.10.60.40.3Households0.62.22.90.12.52.0–1.70.91.0General government


SE A S O N A L L Y AD J U S T E D (P E R C E N T A G E CH A N G E S ) (% )

149 422148 883149 005146 952146 285145 186143 357142 070140 750State final demand

8 1337 8808 1177 2527 3497 4107 5716 9396 668Public27 23527 46428 02227 74927 92027 62427 01826 45626 005Private


88 31087 94887 83187 62686 72586 45385 54484 99484 623Households25 74425 59225 03424 32524 29223 70023 22423 63423 423General government


SE A S O N A L L Y AD J U S T E D ( $ m )

0.30.50.60.80.91.01.00.80.6State final demand

3.0–0.55.42.0–0.50.74.45.13.4Public–1.50.1–1.00.21.21.92.01.20.1Private


0.20.30.40.60.80.80.60.60.5Households1.41.81.92.01.40.60.20.30.7General government


TR E N D (P E R C E N T A G E CH A N G E S ) (% )


8 1097 8747 9177 5107 3657 4047 3557 0486 708Public27 28327 69927 66127 92827 87427 54327 02426 48426 167Private




TR E N D ( $ m )


2018–192017–182016–17

COMPONENTS OF STATE FINAL DEMAND, Cha in Volume Measures (a ) : New South Wales24


(a) Reference period for chain volume measures is 2016–17.


–2.3–0.8–1.27.2–5.613.7–0.6–12.122.1Public–1.51.32.3–1.111.7–5.92.04.2–1.3Private


0.30.60.61.10.61.20.90.90.9Households2.41.6–0.33.11.61.10.22.21.9General government




5 2215 3475 3915 4565 0885 3884 7414 7705 425Public23 19623 54223 24022 72722 98520 57921 86621 43020 557Private






–1.4–1.21.55.35.31.90.22.55.2Public0.30.41.32.32.21.50.71.22.1Private






5 2675 3445 4095 3295 0594 8034 7124 7034 587Public23 40423 33023 23522 94322 43621 95621 63021 47621 221Private




TR E N D ( $ m )


2018–192017–182016–17

COMPONENTS OF STATE FINAL DEMAND, Cha in volume measures (a ) : Vic to r i a25



0.50.8–0.50.60.81.00.91.00.4State final demand

7.53.05.4–1.60.82.0–4.5–6.35.5Public0.7–1.5–5.01.90.10.32.63.7–0.5Private


0.20.70.40.40.70.90.61.0–0.2Households–0.52.70.40.31.61.61.50.62.0General government




4 7424 4134 2844 0654 1304 0984 0174 2084 492Public16 60916 49816 74817 62917 30717 28717 22916 78916 196Private






4.04.63.21.30.7–1.6–3.2–0.43.4Public–1.3–1.8–1.9–0.90.41.62.12.11.3Private






4 6404 4614 2654 1344 0834 0544 1224 2574 274Public16 41916 63616 94717 27217 43617 36317 09316 74916 412Private




TR E N D ( $ m )


2018–192017–182016–17

COMPONENTS OF STATE FINAL DEMAND, Cha in Volume Measures (a ) : Queens land26


(a) Reference year for chain volume measures is 2016–17.— nil or rounded to zero (including null cells)

–0.20.90.11.00.21.40.40.32.5State final demand

–16.215.88.1–9.9–3.85.7–64.6243.4–17.1Public3.0–1.0–4.68.01.1–0.5116.0–55.113.5Private


—0.30.10.60.11.10.10.80.4Households0.51.02.4–0.90.52.7–1.41.54.6General government




1 2701 5151 3081 2101 3431 3971 3223 7351 088Public4 9524 8094 8565 0924 7124 6634 6872 1704 839Private






0.13.12.8–0.1–5.6–0.74.66.04.0Public–0.3–0.50.21.63.21.0–0.31.63.6Private






1 3761 3741 3331 2971 2991 3761 3861 3251 250Public4 8704 8864 9134 9014 8244 6774 6284 6414 568Private




TR E N D ( $ m )


2018–192017–182016–17

COMPONENTS OF STATE FINAL DEMAND, Cha in Volume Measures (a ) : South Aus t ra l i a27



–0.3–0.60.2–0.6–0.80.31.1–0.40.2State final demand

–3.54.63.0–3.3–2.3–7.03.1–1.89.8Public–2.2–5.8–0.4–1.7–3.20.33.5–3.8–2.5Private


0.10.4–0.10.30.10.50.60.60.3Households1.51.81.0–1.20.21.7–1.01.81.3General government




2 2312 3122 2112 1472 2202 2732 4432 3702 413Public10 83211 07811 76211 80612 00912 40912 37811 95412 431Private





–0.3–0.3–0.4–0.5–0.30.10.40.60.2State final demand

0.81.61.7–1.4–3.9–3.8–0.84.15.7Public–3.1–3.0–2.6–2.2–1.0—–0.1—–0.6Private


0.20.20.10.10.20.50.60.50.2Households1.51.30.7–0.1—–0.10.20.50.9General government




2 2712 2532 2182 1822 2122 3012 3922 4122 316Public10 86111 21111 56211 86912 13212 25712 25612 27112 276Private




TR E N D ( $ m )


2018–192017–182016–17

COMPONENTS OF STATE FINAL DEMAND, Cha in Volume Measures (a ) : Weste rn Aus t ra l i a28




3.34.216.8–10.96.23.4–2.0–3.2–1.8Public2.33.8–2.82.59.1–3.26.21.55.7Private


–0.30.51.01.8–0.51.11.11.30.7Households1.53.7–0.83.23.6–0.7–0.20.81.3General government




571553531455510480464474489Public1 2341 2071 1621 1961 1671 0701 1051 0401 024Private






4.26.04.82.10.90.8–0.4–0.91.9Public1.61.11.32.23.33.22.73.33.1Private


0.20.60.91.00.70.71.11.20.6Households1.51.71.92.21.90.9—0.30.8General government




571548517493483479475477482Public1 2221 2031 1901 1741 1481 1121 0771 0481 015Private




TR E N D ( $ m )


2018–192017–182016–17

COMPONENTS OF STATE FINAL DEMAND, Cha in Volume Measures (a ) : Tasman ia29



–2.3–2.2–8.3–2.7–2.1–6.01.8–1.45.4State final demand

–1.8–0.21.95.4–3.87.910.0–17.45.1Public–12.4–11.0–30.4–13.8–7.1–20.82.1–3.015.3Private


0.1–0.8–1.11.1–0.10.91.00.9–0.9Households–0.40.6–2.11.20.71.61.40.72.2General government




402409410402382396367334405Public9231 0531 1831 7011 9742 1252 6832 6282 709Private





–3.1–4.2–4.6–4.6–3.6–2.7–1.21.12.5State final demand

–0.70.51.41.74.03.40.6–3.6–2.5Public–16.2–19.5–18.6–17.7–14.1–10.6–5.22.37.3Private


–0.6–0.6–0.4—0.50.90.80.5—Households–0.3–0.4–0.40.21.01.41.41.20.7General government




406408406400394379366364378Public8811 0521 3061 6041 9492 2702 5402 6812 620Private




TR E N D ( $ m )


2018–192017–182016–17

COMPONENTS OF STATE FINAL DEMAND, Cha in Volume Measures (a ) : Nor the rn Ter r i to r y30



–0.21.01.81.5–0.41.52.1–1.01.8State final demand

–6.5—–1.61.6–3.2–5.433.9–20.715.3Public2.2–1.27.3–4.50.49.1–5.85.7–7.3Private


0.30.70.11.20.21.20.61.20.9Households–0.32.02.53.4–0.71.01.5–1.32.8General government




785840839853839867917685864Public1 4441 4131 4311 3341 3971 3921 2751 3551 281Private






–2.3–1.9–0.5–2.30.12.84.24.01.1Public1.41.80.90.91.22.00.8–0.51.3Private


0.40.50.50.70.70.80.91.00.9Households0.81.72.41.90.80.40.5–0.10.6General government




806825841845865864841807776Public1 4431 4231 3981 3861 3731 3581 3311 3191 325Private




TR E N D ( $ m )


2018–192017–182016–17

COMPONENTS OF STATE FINAL DEMAND, Cha in Volume Measures (a ) : Aust ra l i an Cap i ta l

Ter r i t o r y31


(a) Net saving is derived as a balancing item.na not available

471 669465 939459 605456 005452 246444 236439 834435 698435 778Total use of gross disposable income

83 47182 80782 15481 53880 88580 20579 49978 66577 959Consumption of fixed capital

25 43722 40720 66121 11221 84118 18820 22019 36124 441Total national net saving

nananananananananaOther sectors7 6787 3256 7238 18110 57711 63910 65011 17313 301Households5 4354 3797 3616 7993 1712 3593 236–2302 530General government

National net saving(a)


Final consumption expenditureUse of gross disposable income

471 669465 939459 605456 005452 246444 236439 834435 698435 778Gross disposable income

–831–720–727–550–516–692–714–801–980Other current transfers321345331330317323379362375Current taxes on income, wealth, etc

Net secondary income from non-residents

472 179466 314460 001456 225452 445444 605440 169436 137436 383Gross national income

–15 984–14 792–16 167–15 417–14 402–13 918–13 563–13 580–13 013Net primary income from non-residents47 36546 90247 45647 53946 91546 21645 81045 84845 251Taxes less subsidies on production and imports39 20139 52639 85440 83239 80939 07938 35238 86940 423Gross mixed income

173 060168 860165 095162 258160 917156 389155 681153 836155 281Gross operating surplus228 536225 819223 762221 013219 207216 838213 889211 163208 442Compensation of employees


471 255465 699460 604455 880450 868445 079440 159437 170433 519Total use of gross disposable income

83 45082 81282 16881 53080 88880 20379 45978 69277 956Consumption of fixed capital

24 33922 70021 54920 89620 50219 58619 65821 43321 993Total national net saving

nananananananananaOther sectors6 3866 3647 0368 49310 18311 11211 18511 04811 508Households4 6925 6156 0915 6334 3692 6311 6791 461496General government

National net saving(a)


Final consumption expenditureUse of gross disposable income


–807–753–665–584–573–626–756–824–820Other current transfers331335334325323337359371361Current taxes on income, wealth, etc

Net secondary income from non-residents

471 752466 117460 934456 140451 118445 368440 556437 623433 978Gross national income

–15 576–15 594–15 561–15 290–14 638–13 945–13 658–13 546–12 876Net primary income from non-residents47 14447 23647 34447 32846 92346 34245 95445 69245 127Taxes less subsidies on production and imports39 14339 60040 06440 30639 88439 04638 72239 28039 571Gross mixed income

172 396168 898165 523162 491159 868157 259155 574154 582153 576Gross operating surplus228 420225 983223 578221 303219 081216 666213 963210 983208 617Compensation of employees

TR E N D

$m$m$m$m$m$m$m$m$m


2018–192017–182016–17

NAT IONAL INCOME ACCOUNT, Cur ren t pr ices32


(a) Statistical discrepancy (E) less statistical discrepancy (I)— nil or rounded to zero (including null cells)

108 709105 025102 625102 488102 58597 98999 58597 862102 256Total capital accumulation and net

lending

–3 086–6 482–10 327–12 017–10 478–16 067–12 848–10 551–7 221Net lending to non-residents–2 468–3 441–1 824–4674193 0201 4882 2211 052Statistical discrepancy(a)

–13–33–3–32–123–11–3–339–1Acquisitions less disposals of non-produced

non-financial assets

5998861241 42163450323–1 2541 810Total changes in inventories

–387956–8536–207–17618417–265Public authorities–177183326–295–85–7783–165378Farm

1 163–253–1171 68035570356–1 1061 697Private non-farmChanges in inventories


18 87918 69617 93416 77116 22016 52916 11217 60715 440General government5 6675 6896 0365 7205 9685 9855 7895 8986 270Public corporations

89 13289 71090 68791 09290 51688 08388 72584 27984 905PrivateGross fixed capital formation

108 709105 025102 625102 488102 58597 98999 58597 862102 256Gross saving and capital transfers

199190190163141405134164143less Payable to non-residents—————————Receivable from non-residents

Capital transfers83 47182 80782 15481 53880 88580 20579 49978 66577 959Consumption of fixed capital25 43722 40720 66121 11221 84118 18820 22019 36124 441National net saving


107 622105 319103 544102 247101 16799 54198 89599 96199 821Total capital accumulation and net

lending

–5 250–6 723–9 085–11 457–12 932–13 775–13 058–10 127–7 639Net lending to non-residents–3 212–2 681–1 916–5739741 9542 3401 842653Statistical discrepancy(a)

–18–14–27–52–42–63–123–119–33Acquisitions less disposals of non-produced

non-financial assets

621656700665623195–6212358Total changes in inventories

145268220–13–178–56–14–10–16Public authorities7410788–39–121–101125452Farm

411282391718923352–61–31321Private non-farmChanges in inventories


18 95018 52617 80216 93116 30716 01815 87715 56114 916General government5 7045 6325 9855 8865 8265 8305 8335 7925 720Public corporations

89 15889 88490 57490 84690 38489 38188 12486 96485 667PrivateGross fixed capital formation

107 622105 319103 544102 247101 16799 54198 89599 96199 821Gross saving and capital transfers

198193170180223247221165128less Payable to non-residents—————————Receivable from non-residents

Capital transfers83 45082 81282 16881 53080 88880 20379 45978 69277 956Consumption of fixed capital24 33922 70021 54920 89620 50219 58619 65821 43321 993National net saving

TR E N D

$m$m$m$m$m$m$m$m$m


2018–192017–182016–17

NAT IONAL CAPITAL ACCOUNT, Cur rent pr i ces33


(a) Contains withholding taxes on royalties.— nil or rounded to zero (including null cells)

3 0996 51510 33012 04910 60116 07812 85110 8907 222Total capital accumulation and net lending (+) /

net borrowing (-)

3 0866 48210 32712 01710 47816 06712 84810 5517 221Net lending (+) / net borrowing (-)13333321231133391

Acquisitions less disposals of non-producednon-financial assets

3 0996 51510 33012 04910 60116 07812 85110 8907 222Balance on external income and capital transfers

—————————Capital transfers payable by non-residents199190190163141405134164143Capital transfers receivable by non-residents

Capital account

2 9006 32510 14011 88610 46015 67312 71710 7267 079Balance on external income account

2 3582 3562 3292 3092 2832 2352 2832 2682 256Current transfers(a)Secondary income payable by non-residents

18 02016 66616 25915 11314 42313 73713 14813 16113 082Property income591711660604528676580678664Compensation of employees

Primary income payable by non-residents118 958114 719110 979107 533104 63896 21495 64196 52699 066Exports of goods and services

Use of income by non-residents

2 8682 7312 7252 5292 4822 6042 6182 7072 861Current transfersSecondary income receivable by non-residents

32 64930 03231 01629 05627 41726 47225 44425 53624 838Property income1 9462 1372 0692 0781 9371 8591 8471 8831 921Compensation of employees

Primary income receivable by non-residents105 364105 878104 558103 783100 49797 60094 46193 23392 525Imports of goods and services

Income of non-residentsIncome account


5 2696 7369 11111 50912 97413 83813 18110 2467 671Total capital accumulation and net lending (+) /

net borrowing (-)

5 2506 7239 08511 45712 93213 77513 05810 1277 639Net lending (+) / net borrowing (-)18142752426312311933

Acquisitions less disposals of non-producednon-financial assets

5 2696 7369 11111 50912 97413 83813 18110 2467 671Balance on external income and capital transfers

—————————Capital transfers payable by non-residents198193170180223247221165128Capital transfers receivable by non-residents

Capital account

3 7646 6249 24611 32912 75113 59112 96010 0817 543Balance on external income account

2 3622 3492 3322 3042 2762 2632 2662 2682 243Current transfers(a)Secondary income payable by non-residents

17 76116 93816 05615 20214 39913 70313 26913 15113 145Property income644665648611585602634650660Compensation of employees

Primary income payable by non-residents119 647115 272111 260107 331102 68498 25196 52597 82197 842Exports of goods and services

Use of income by non-residents

2 8302 7682 6642 5642 5262 5522 6632 7212 702Current transfersSecondary income receivable by non-residents

31 77231 13730 19529 05727 67326 37425 70425 46624 785Property income2 0172 0692 0872 0461 9491 8761 8561 8811 896Compensation of employees

Primary income receivable by non-residents105 801105 446104 684103 226100 55197 51095 08393 46991 822Imports of goods and services

Income of non-residentsIncome account

TR E N D

$m$m$m$m$m$m$m$m$m


2018–192017–182016–17

EXTERNAL ACCOUNT, Cur rent pr i ces34


(c) Interest flows are adjusted for the cost of financial intermediation servicesindirectly measured. See Explanatory Notes.

(d) Includes interest payable and rent payable on natural assets.(e) Includes financial intermediation services indirectly measured relating to

deposits and consumer debt interest.(f) Net saving is derived as a balancing item.

(a) Includes non-profit institutions serving households and unincorporatedenterprises.

(b) Includes investment income of insurance enterprises, superannuation fundsand investment funds attributable to policyholders and imputed interest ongovernment unfunded superannuation arrangements.

404 043401 297398 500395 809392 902389 290385 123381 058377 792Total use of gross income

30 44030 17929 91529 65229 39129 12828 86128 59428 329Consumption of fixed capital6 3866 3647 0368 49310 18311 11211 18511 04811 508Net saving(f)

270 995269 313267 316265 136262 466259 498256 463253 701251 267Final consumption expenditure(e)


96 22295 44094 23492 52890 86289 55188 61387 71586 688Total income payable

77 39076 85475 86574 33872 84571 67770 81869 91268 882Total secondary income payable

3 7433 8233 8433 8053 7413 6763 6173 5263 402Other sectors827824819813805802803803800Non-residents

Other current transfers1 6781 6681 6631 6601 6401 6011 5691 5511 537Other current taxes on income, wealth etc.

10 0049 9319 8569 7809 7079 6459 5979 5569 505Net non-life insurance premiums2 3922 3862 3812 3752 3692 3642 3592 3542 349Social contributions for workers' compensation

58 74658 22257 30355 90454 58353 58952 87352 12251 288Income tax payableSecondary income payable

18 83218 58718 36818 19018 01717 87417 79517 80317 807Total primary income payable

18 83218 58718 36818 19018 01717 87417 79517 80317 807Total property income payable

2 1562 1122 0662 0181 9711 9371 9321 9511 960Property income payable by unincorporated

enterprises(d)

2 0042 0032 0062 0192 0452 0862 1432 2112 269Consumer debt interest14 67214 47114 29614 15314 00113 85113 71913 64113 578Interest on dwellings

Property income payable(c)Primary income payable

Uses of income

404 043401 297398 500395 809392 902389 290385 123381 058377 792Total gross income

57 21956 99156 70356 59156 81956 99956 61455 86555 435Total secondary income receivable

378371365358338304280273275Other sectors1 1911 1881 1881 1911 1941 1891 1741 1581 145Non-residents

Other current transfers9 7099 6849 5399 4079 4909 6849 6289 4109 297Current transfers to non-profit institutions

10 61910 58510 57710 60210 60710 51310 36010 16410 002Non-life insurance claims

32 95232 79432 66632 66532 82532 95832 85032 57232 455Social assistance benefits2 3712 3692 3672 3682 3652 3522 3232 2872 261Workers' compensation

Social benefits receivableSecondary income receivable

346 824344 305341 798339 218336 084332 290328 509325 193322 357Total primary income receivable

45 63145 32544 99444 64444 30443 91943 39042 80142 324Property income receivable(b)(c)227 052224 578222 137219 869217 717215 392212 740209 752207 381Compensation of employees

39 14339 60040 06440 30639 88439 04638 72239 28039 571Gross mixed income34 99834 80334 60234 40034 17933 93433 65633 36033 081

Gross operating surplus–dwellings owned bypersons

Primary income receivableIncome

$m$m$m$m$m$m$m$m$m


2018–192017–182016–17

HOUSEHOLD INCOME ACCOUNT (a) , Cur ren t pr ices : Trend35


(c) Interest flows are adjusted for the cost of financial intermediation servicesindirectly measured. See Explanatory Notes.

(d) Includes interest payable and rent payable on natural assets.(e) Includes financial intermediation services indirectly measured relating to

deposits and consumer debt interest.(f) Net saving is derived as a balancing item.

(a) Includes non-profit institutions serving households and unincorporatedenterprises.

(b) Includes investment income of insurance enterprises, superannuation fundsand investment funds attributable to policyholders and imputed interest ongovernment unfunded superannuation arrangements.


30 44630 17829 91429 65429 39029 12728 86628 59228 331Consumption of fixed capital7 6787 3256 7238 18110 57711 63910 65011 17313 301Net saving(f)

271 092269 365267 251265 348262 283259 878255 953254 031250 996Final consumption expenditure(e)




3 6153 9143 8933 7473 7053 7613 5883 4393 589Other sectors822824831794823795796813799Non-residents

Other current transfers1 6941 6531 6581 6711 6441 6031 5531 5911 552Other current taxes on income, wealth etc.

10 0049 9319 8599 7799 7079 6439 5899 5629 508Net non-life insurance premiums2 3922 3862 3812 3752 3692 3642 3592 3552 349Social contributions for workers' compensation

58 42058 45957 55955 92254 29353 33253 71351 22751 927Income tax payableSecondary income payable



2 1642 1152 0522 0341 9711 9271 9251 9541 976Property income payable by unincorporated

enterprises(d)

1 9992 0151 9972 0112 0572 0872 1212 2312 274Consumer debt interest14 66314 51214 25414 10714 11113 81613 63213 74313 557Interest on dwellings

Property income payable(c)Primary income payable

Uses of income



391367347389320314270270286Other sectors1 1951 1881 1831 1931 1951 1881 1821 1481 149Non-residents

Other current transfers9 31910 1629 4539 1639 4859 8979 6379 2929 275Current transfers to non-profit institutions

11 80611 61510 61610 59110 59910 56810 33710 14611 984Non-life insurance claims

32 98932 80032 65532 55632 82033 08532 85532 63732 235Social assistance benefits2 3722 3682 3642 3692 3652 3532 3322 2812 260Workers' compensation

Social benefits receivableSecondary income receivable


45 55745 43444 94544 61644 32943 89843 51642 73442 299Property income receivable(b)(c)227 181224 393222 352219 539217 799215 655212 622209 959207 185Compensation of employees

39 20139 52639 85440 83239 80939 07938 35238 86940 423Gross mixed income34 97834 82434 60334 37234 20833 93633 64133 37633 063

Gross operating surplus–dwellings owned bypersons


$m$m$m$m$m$m$m$m$m


2018–192017–182016–17

HOUSEHOLD INCOME ACCOUNT (a) , Cur ren t pr ices : Seasona l l y Adjus ted36


(b) Net saving is derived as a balancing item.— nil or rounded to zero (including null cells)(a) Includes land rent and royalties on mineral leases and native timber tracts.


10 0269 9509 8749 7999 7229 6339 5299 4189 317Consumption of fixed capital4 6925 6156 0915 6334 3692 6311 6791 461496Net saving(b)

92 06490 89089 61088 30987 00485 84084 74883 62182 576Final consumption expenditure




10 61410 88311 05811 07610 90810 64610 31910 12310 073Other sectors1 1211 0811 0269889891 0201 1281 1841 160Non-residents

Other current transfers32 95232 79432 66632 66532 82532 95832 85032 57232 455Social assistance benefits in cash to residents

Secondary income payable


5 7045 6985 6705 6375 6425 6895 7105 6955 673Subsidies


—————————Rent on natural assets

7 3897 5957 7807 8507 7777 5707 2456 9666 733Total interest

4 1264 2564 4084 4944 4354 2323 9943 8813 773Other interest3 2633 3393 3723 3563 3423 3383 2513 0852 960On unfunded superannuation liabilities

InterestProperty income payable

Primary income payableUses of income



6 1776 2496 2536 1806 0505 8765 7595 6555 531Other current transfers

84 40284 20483 63282 44580 91078 93476 86275 12373 387Total current taxes

1 6781 6681 6631 6601 6401 6011 5691 5511 537Other current taxes on income, wealth etc.

82 72482 53681 96980 78579 27077 33375 29373 57271 849Total income tax

719714702682668671686691675Non-residents23 25923 60023 96424 19924 01923 07321 73520 75919 887Resident corporations58 74658 22257 30355 90454 58353 58952 87352 12251 288Individuals

Income tax fromCurrent taxes on income, wealth etc.

Secondary income receivable


11 23211 22510 98310 5199 9889 5439 3829 4209 460Total property income receivable

4 0563 9943 8893 7143 4443 2133 1993 3473 377Rent on natural assets(a)

4 6464 6734 5804 3684 1854 0073 8603 7803 842Total dividends

2 2252 0921 7781 4461 2921 3791 4531 4391 374Other359602870983841617555640808Public financial corporations

2 0341 9801 9321 9402 0532 0111 8521 7011 661Public non-financial corporationsDividends

2 5592 5572 5132 4362 3592 3242 3232 2932 241InterestProperty income receivable

52 72452 87953 03253 01452 56751 99951 67551 42450 788Taxes on production and imports10 0269 9509 8749 7999 7229 6339 5299 4189 317Gross operating surplus


$m$m$m$m$m$m$m$m$m


2018–192017–182016–17

GENERAL GOVERNMENT INCOME ACCOUNT, Cur ren t pr ices : Trend37


(b) Net saving is derived as a balancing item.— nil or rounded to zero (including null cells)(a) Includes land rent and royalties on mineral leases and native timber tracts.


10 0309 9499 8709 8019 7219 6349 5399 4119 315Consumption of fixed capital5 4354 3797 3616 7993 1712 3593 236–2302 530Net saving(b)

91 66891 36089 53888 00687 23785 96484 16283 64282 383Final consumption expenditure




10 43111 17210 74811 47210 63610 72710 4099 98610 040Other sectors1 2031 0011 0551 0259151 0681 0861 1881 299Non-residents

Other current transfers32 98932 80032 65532 55632 82033 08532 85532 63732 235Social assistance benefits in cash to residents

Secondary income payable


5 6705 7265 6885 6195 6025 7205 7355 6855 633Subsidies


—————————Rent on natural assets

7 1897 7397 7587 8737 7597 5757 3716 7366 840Total interest

4 0064 3454 3454 5514 4564 2254 0223 6993 933Other interest3 1823 3943 4133 3223 3033 3503 3493 0372 907On unfunded superannuation liabilities

InterestProperty income payable

Primary income payableUses of income



6 1306 2196 3756 1555 9555 9895 7575 4665 828Other current transfers

84 18284 16084 53182 71580 35378 94578 02873 40374 515Total current taxes

1 6941 6532 2081 6711 6441 6031 5531 8191 552Other current taxes on income, wealth etc.

82 48882 50782 32281 04378 70977 34276 47671 58472 963Total income tax

716719704682669652703689683Non-residents23 35223 32924 06024 44023 74723 35822 05919 66920 353Resident corporations58 42058 45957 55955 92254 29353 33253 71351 22751 927Individuals

Income tax fromCurrent taxes on income, wealth etc.

Secondary income receivable


11 29111 30810 73411 1619 3539 7369 5159 0899 779Total property income receivable

4 1463 9163 8713 8813 3553 1923 1173 3703 467Rent on natural assets(a)

4 5644 8864 2994 7983 7544 1614 0813 4054 091Total dividends

2 0612 3681 7601 3041 2381 5171 3551 5611 256Other4105416471 563491582651609816Public financial corporations

2 0921 9771 8921 9312 0242 0622 0751 2352 020Public non-financial corporationsDividends

2 5822 5062 5642 4822 2452 3832 3172 3142 221InterestProperty income receivable

52 98052 48853 16353 31952 47951 83051 55451 68450 837Taxes on production and imports10 0309 9499 8709 8019 7219 6349 5399 4119 315Gross operating surplus


$m$m$m$m$m$m$m$m$m


2018–192017–182016–17

GENERAL GOVERNMENT INCOME ACCOUNT, Cur ren t pr ices : Seasona l l y Adjus ted38


137 201136 572137 747135 892132 973130 691129 608125 053125 407Total taxes

1 6361 6451 7521 8131 8851 8942 1072 4222 608Other taxes2 7292 7422 7182 7302 7262 6652 6272 6362 583Motor vehicle taxes1 5721 5291 5621 5451 5131 5121 4981 5141 508Taxes on insurance1 7241 6211 6571 5981 5471 5611 5101 5191 490Taxes on gambling4 7893 3124 1454 3314 2123 4773 5973 8953 522Taxes on international trade5 7236 4656 1065 9725 9306 0055 9585 8545 863Excise taxes

16 42316 44816 42316 29616 12015 96415 71315 66915 474Goods and services tax418417427414384451389386379Sales taxes

5 0115 3746 3325 9706 1966 0666 2096 1845 934Taxes on financial and capital

transactions

4 8934 8454 7984 7484 7024 6744 6404 6214 572Municipal and metropolitan

improvement rates

2 5902 5192 4512 3782 3112 2692 2072 1832 136Land taxes7 2067 1477 0537 0536 7406 8116 6776 5856 374Payroll taxes

82 48882 50782 32281 04378 70977 34276 47671 58472 963Total taxes on income

716719704682669652703689683Non-residents23 35223 32924 06024 44023 74723 35822 05919 66920 353Resident corporations

58 42058 45957 55955 92254 29353 33253 71351 22751 927Total individuals

1 1201 1081 0971 0841 0891 1061 1321 1701 185Other1 0771 0641 0541 0411 0341 0251 0151 0081 005Fringe benefit taxes

56 22356 28755 40853 79752 17051 20151 56649 04949 737Net tax instalmentsIndividuals

Taxes on income


137 160137 062136 637135 445133 465130 946128 585126 679124 399Total taxes

1 6271 6731 7411 8041 8541 9472 1342 3912 609Other taxes2 7342 7322 7312 7282 7072 6762 6442 6152 585Motor vehicle taxes1 5571 5531 5471 5391 5231 5081 5071 5091 503Taxes on insurance1 6941 6631 6281 5971 5681 5401 5261 5081 491Taxes on gambling4 1843 9974 0214 1474 0623 7613 6513 6603 574Taxes on international trade6 0286 1446 1486 0465 9505 9615 9505 9065 794Excise taxes

16 45716 43916 39116 29816 12715 94015 77615 62415 456Goods and services tax419422417413413412404389378Sales taxes

5 0585 3905 7285 9946 1176 1726 1636 1586 053Taxes on financial and capital

transactions

4 8924 8454 7974 7484 7064 6724 6454 6154 567Municipal and metropolitan

improvement rates

2 5892 5202 4492 3792 3152 2612 2182 1802 129Land taxes7 1967 1497 0706 9666 8536 7636 6756 5516 411Payroll taxes

82 72482 53681 96980 78579 27077 33375 29373 57271 849Total taxes on income

719714702682668671686691675Non-residents23 25923 60023 96424 19924 01923 07321 73520 75919 887Resident corporations

58 74658 22257 30355 90454 58353 58952 87352 12251 288Total individuals

1 1201 1081 0961 0871 0891 1071 1361 1651 185Other1 0761 0641 0531 0431 0331 0241 0151 0071 006Fringe benefit taxes

56 55356 05055 15453 77552 46051 45850 72249 95049 097Net tax instalmentsIndividuals

Taxes on income

TR E N D

$m$m$m$m$m$m$m$m$m


2018–192017–182016–17

TAXES, Cur ren t pr ices39


(b) Reference year for implicit price deflators is 2016–17.(c) For definitions see Glossary.(d) Change on preceding quarter.


1.50.40.40.40.30.40.40.60.4Average non-farm compensation per employee

(%)

4.31.11.11.01.01.11.31.41.2Non-farm compensation of employees (%)

1.50.40.40.40.30.30.40.50.4Average compensation per employee (%)

Income related measures0.70.50.3—–0.10.61.31.72.4

New Private business investment–current prices(%)

–1.60.1–0.3–0.6–0.70.21.11.72.5New Private business investment–chain

volume(a) (%)

New private business investment–9.20.3–3.1–4.7–2.10.32.81.2–1.1Farm GDP–implicit price deflator(b) (%)

–15.8–2.1–5.7–6.1–2.8–1.1–0.9–2.2–0.5Farm GDP–current prices (%)

–7.2–2.4–2.7–1.5–0.7–1.4–3.6–3.40.6Farm GDP–chain volume(a) (%)

3.51.00.90.80.70.70.3–0.10.2Non-farm GDP–implicit price deflator(b) (%)

5.61.41.31.31.41.51.20.70.9Non-farm GDP–current prices (%)

2.00.30.40.50.70.90.90.70.7Non-farm GDP–chain volume(a) (%)

Farm and non-farm GDP1.70.30.30.40.60.80.70.60.8Production–GDP(P) (%)

1.30.20.20.30.60.80.80.70.8Income–GDP(I) (%)

2.20.30.40.60.91.00.90.60.5Expenditure–GDP(E) (%)

Chain volume measures of GDP(a)

PE R C E N T A G E CH A N G E S (d)

. .19 78219 70519 62919 55719 49019 41819 33419 224Average non-farm compensation per employee

($)

. .226 789224 367221 978219 722217 518215 112212 399209 395Non-farm compensation of employees ($m)

. .19 65019 56819 48919 41619 35119 28519 20819 108Average compensation per employee ($)

. .28.928.628.227.927.727.527.527.6Profits share of total factor income (%)

. .51.952.052.152.252.352.552.452.0Wages share of total factor income (%)

Income related measures. .0.4020.4030.4030.4000.3940.3870.3820.381Imports to domestic sales (quotient)

. .79 31679 10078 50277 36275 39373 03671 03869 859Imports of merchandise goods ($m)

. .0.5820.5850.5880.5900.5930.5960.6010.604Private non-farm inventories to total sales

(quotient)

. .290 827286 762282 647277 879271 785265 227260 583259 276Total sales ($m)

. .196 742195 915194 872193 374191 303188 816186 050183 393Domestic sales ($m)

. .169 676168 039166 184164 031161 089158 054156 518156 592Private non-farm inventory levels–book values

($m)

. .145 530145 221144 909144 539143 898143 035142 636142 649Private non-farm inventory levels–chain

volume(a) ($m)

Inventories and sales. .58 04257 74057 58957 59157 65657 33156 62155 700

New Private business investment–current prices($m)

. .56 56056 53056 69457 04657 45257 34956 70255 740New Private business investment–chain

volume(a) ($m)

New private business investment(c)

. .93.192.895.7100.4102.5102.299.498.2Farm GDP–implicit price deflator(b) (index)

. .8 6088 7979 3329 93710 22110 33010 42010 657Farm GDP–current prices ($m)

. .9 2509 4809 7469 8959 96710 10510 47810 848Farm GDP–chain volume(a) ($m)

. .105.6104.6103.6102.8102.1101.4101.1101.2Non-farm GDP–implicit price deflator(b) (index)

. .480 310473 796467 642461 441454 882448 003442 828439 881Non-farm GDP–current prices ($m)

. .454 453452 932451 245449 056445 719441 842437 970434 717Non-farm GDP–chain volume(a) ($m)

Farm and non-farm GDP. .463 000461 684460 294458 381455 456452 052448 977446 260Production–GDP(P) ($m)

. .462 392461 454460 383458 916456 235452 807449 268446 031Income–GDP(I) ($m)

. .465 398464 118462 342459 556455 371450 987447 082444 345Expenditure–GDP(E) ($m)


L E V E L S


Mar 18 to

Mar 19

2018–192017–182016–17

SELECTED ANALYT ICAL SERIES: Trend40


(b) Reference year for implicit price deflators is 2016–17.(c) For definitions see Glossary.(d) Change on preceding quarter.


1.40.30.50.40.20.50.30.60.4Average non-farm compensation per employee

(%)

4.31.20.91.20.81.11.41.31.3Non-farm compensation of employees (%)

1.40.40.40.50.10.50.40.40.5Average compensation per employee (%)

Income related measures1.21.10.8–1.10.40.90.23.30.6

New Private business investment–current prices(%)

–1.30.60.3–1.7–0.50.6—3.50.6New Private business investment–chain

volume(a) (%)

New private business investment–9.2–4.51.4–10.85.0–8.013.9–6.97.2Farm GDP–implicit price deflator(b) (%)

–15.4–4.7–3.8–12.35.2–6.24.3–6.73.1Farm GDP–current prices (%)

–6.8–0.2–5.2–1.70.21.9–8.40.3–3.9Farm GDP–chain volume(a) (%)

3.31.10.91.00.11.3–0.10.5–1.1Non-farm GDP–implicit price deflator(b) (%)

5.31.51.31.41.02.30.71.2–0.2Non-farm GDP–current prices (%)

2.00.40.30.30.91.00.80.70.9Non-farm GDP–chain volume(a) (%)

Farm and non-farm GDP1.80.50.20.20.90.90.40.70.7Production–GDP(P) (%)

1.50.50.10.20.80.70.80.51.0Income–GDP(I) (%)

2.10.20.40.51.01.30.50.70.8Expenditure–GDP(E) (%)


PE R C E N T A G E CH A N G E S (d)

. .19 77519 71619 62519 54119 50819 41019 34319 227Average non-farm compensation per employee

($)

. .226 910224 199222 161219 436217 637215 285212 339209 564Non-farm compensation of employees ($m)

. .19 64519 57619 48819 39719 37119 27919 20519 128Average compensation per employee ($)

. .29.128.628.127.827.927.427.627.5Profits share of total factor income (%)

. .51.852.052.252.152.252.652.452.3Wages share of total factor income (%)

Income related measures. .0.4010.4060.4010.4020.3930.3890.3780.381Imports to domestic sales (quotient)

. .78 88379 51978 30777 73075 12673 29870 63469 687Imports of merchandise goods ($m)

. .0.5830.5860.5880.5910.5890.6020.5950.607Private non-farm inventories to total sales

(quotient)

. .291 233286 419282 723277 900273 461263 387260 842257 508Total sales ($m)

. .196 716195 634195 380193 266191 369188 524186 685182 807Domestic sales ($m)

. .169 673167 908166 351164 279161 028158 559155 114156 431Private non-farm inventory levels–book values

($m)

. .145 911144 849144 853145 030143 601143 168142 428142 356Private non-farm inventory levels–chain

volume(a) ($m)

Inventories and sales. .58 32957 66957 22557 88957 65157 15257 06155 219

New Private business investment–current prices($m)

. .56 80556 49456 31757 26257 53257 17657 15955 210New Private business investment–chain

volume(a) ($m)

New private business investment(c)

. .90.094.292.9104.199.1107.794.6101.6Farm GDP–implicit price deflator(b) (index)

. .8 3768 7889 13610 4169 89710 55610 12510 847Farm GDP–current prices ($m)

. .9 3079 3259 83210 0039 9839 80210 70610 675Farm GDP–chain volume(a) ($m)

. .105.8104.6103.6102.6102.4101.1101.2100.6Non-farm GDP–implicit price deflator(b) (index)

. .480 760473 490467 516461 218456 485446 428443 182437 873Non-farm GDP–current prices ($m)

. .454 600452 707451 192449 694445 697441 501437 966435 074Non-farm GDP–chain volume(a) ($m)

Farm and non-farm GDP. .463 500461 068460 284459 314455 270451 351449 427446 114Production–GDP(P) ($m)

. .462 897460 823460 468459 617456 043452 716448 969446 580Income–GDP(I) ($m)

. .465 324464 206462 319460 159455 727449 839447 619444 522Expenditure–GDP(E) ($m)


L E V E L S


Mar 18 to

Mar 19

2018–192017–182016–17

SELECTED ANALYT ICAL SERIES: Seasona l l y ad jus ted41



1 815 3721 764 5121 724 1231 676 4001 638 1321 597 1071 556 3961 497 9621 461 958Gross domestic product

1 965————————Statistical discrepancy (E)388 784362 889346 589346 999343 686351 896350 934315 131285 789Imports of goods and services388 972373 740354 243331 549310 348292 911278 159265 919263 651Exports of goods and services

1 813 2191 753 6611 715 1641 690 9611 672 5451 658 0601 633 0361 550 9711 485 790Gross national expenditure

2 1711 9431 2251 202–3 4441145 9734 979–2 482Total changes in inventories

–145119211–31735–19968489400Public authorities–426–52–325714247808221 051–408Farm

2 7411 8751 3551 434–3 875–3954 4633 642–2 263Private non-farmChanges in inventories

1 811 0491 751 7181 713 9821 689 9021 675 0311 656 4041 626 4391 543 7111 487 505Domestic final demand




45 42343 31337 12035 28137 13637 66038 63939 71341 393State and local

19 23817 85716 38416 67816 29915 35619 64417 44117 094Total national


General government





37 86535 88833 86535 37736 25936 80036 04132 75230 341Total intellectual property products1 7661 5611 3881 1051 4521 4951 5061 1491 218Artistic originals

18 05315 90014 10512 91411 01710 47110 1759 3657 904Computer software2 9112 9363 2095 2146 6047 7017 1896 5736 252Mineral and petroleum exploration


4 5294 8813 4343 4484 2434 8504 6545 6404 095Cultivated biological resources





–3 462–8 090–3 508–3 612–3 841–4 417–3 000–1 188–1 727Net purchases of second hand assets58 35655 89267 01288 748112 641116 980106 44567 15752 141New engineering construction47 77043 45546 17645 84441 66238 92534 37933 49734 461New building


105 050104 556101 99293 14485 56880 24480 41984 55980 911Total dwellings



1 369 1021 329 2891 290 5551 251 5461 222 6171 196 0661 179 5181 143 6111 101 280Total final consumption expenditure

1 028 9881 001 197978 114951 908930 082907 941892 157866 398833 194Households


200 711194 759186 304181 723179 721180 117179 428175 375170 072State and local139 403133 333126 167118 046113 070108 492108 325102 47598 688Total national108 783103 55296 93891 25587 80383 52583 31378 41374 459National–Non-defence



$m$m$m$m$m$m$m$m$m

2017–182016–172015–162014–152013–142012–132011–122010–112009–10

EXPENDITURE ON GDP, Cha in volume measures(a) : Annua l42


— nil or rounded to zero (including null cells)


1 963————————Statistical discrepancy (E)395 760362 889357 496349 444343 157326 500325 825289 987271 168Imports of goods and services403 326373 740319 721324 674336 322306 588322 096303 673257 770Exports of goods and services

1 838 5741 753 6611 700 1111 649 1631 605 3661 556 2191 503 1871 402 9371 314 609Gross national expenditure

2 2801 9431 1581 076–2 2175694 6926 393–3 172Total changes in inventories

–162119185–29741–22065664300Public authorities–361–52–100123684245591 136–487Farm

2 8031 8751 0731 361–2 6263653 4775 193–2 986Private non-farmChanges in inventories

1 836 2941 751 7181 698 9531 648 0871 607 5831 555 6501 498 4951 396 5441 317 781Domestic final demand




46 54343 31337 03034 65235 75335 99236 50137 10438 367State and local

19 04417 85716 64416 28115 39214 42018 44416 76116 813Total national


General government





37 43735 88834 36336 48437 86338 35237 29733 49931 038Total intellectual property products1 7961 5611 3651 0811 4141 4141 3891 0381 069Artistic originals

17 35415 90014 71213 86512 24212 04411 96911 3189 875Computer software3 0052 9363 1965 3676 9327 8497 1506 2665 727Mineral and petroleum exploration


3 8084 8813 0402 8513 4564 1014 0704 9813 319Cultivated biological resources





–3 535–8 090–3 459–3 542–3 695–4 183–2 830–1 104–1 577Net purchases of second hand assets59 84055 89266 61687 699109 903111 34298 66062 10346 744New engineering construction48 68843 45545 19344 10639 37436 53532 20331 96632 048New building


108 560104 55699 51188 48477 93970 75269 46672 38067 437Total dwellings



1 388 9311 329 2891 277 5631 222 6011 177 8281 127 6531 087 1981 027 427965 217Total final consumption expenditure

1 043 3501 001 197967 568929 163894 930853 570817 502775 116731 012Households


205 742194 759183 788175 723169 857165 516162 010152 715141 651State and local139 838133 333126 207117 715113 041108 567107 68699 59692 554Total national108 885103 55297 21192 07489 63886 16585 65078 91472 459National–Non-defence



$m$m$m$m$m$m$m$m$m

2017–182016–172015–162014–152013–142012–132011–122010–112009–10

EXPENDITURE ON GDP, Cur ren t pr i ces : Annua l43


(a) Includes contributions to superannuation made by employers and payments ofworkers' compensation premiums.



–2 046————————Statistical discrepancy (I)186 482178 698172 068160 697158 159148 335138 265135 236128 422Taxes less subsidies on production and imports

1 663 6671 585 8141 490 2691 463 6951 440 3711 387 9721 361 1931 281 3861 172 789Total factor income

158 019155 360143 173141 523124 814118 093117 493116 429108 563Gross mixed income

634 762597 205533 768534 048549 775530 218528 048495 156450 059Total gross operating surplus

136 156131 779127 547124 367121 119116 282109 888102 69096 400Dwellings owned by persons38 69537 17336 46334 89433 36131 65830 12328 67527 429General government

459 910428 254369 758374 786395 295382 278388 037363 790326 230Total corporations111 182104 08498 57891 60783 83579 81875 04070 21166 700Financial corporations

348 728324 170271 180283 179311 460302 460312 997293 579259 530Total non-financial corporations

17 77018 17418 83319 99018 93616 85316 99216 13815 472Public non-financial corporations330 958305 996252 347263 189292 524285 607296 005277 442244 058Private non-financial corporations


870 886833 249813 328788 124765 782739 661715 652669 801614 167Total compensation of employees93 91589 44386 18882 03378 82674 78272 75968 31963 254Employers' social contributions(a)

776 971743 806727 140706 091686 956664 879642 893601 482550 913Wages and salariesCompensation of employees

$m$m$m$m$m$m$m$m$m

2017–182016–172015–162014–152013–142012–132011–122010–112009–10

INCOME ON GDP, Cur ren t pr ices : Annua l44


(c) Includes water transport.(a) At basic prices.(b) Reference year for chain volume measures is 2016–17.

158 363153 106148 061141 088134 659131 510127 352121 197118 795Total

46 37243 15241 93740 76539 54938 04036 08534 37233 263Other financial and insurance

services

111 991109 954106 124100 31895 11793 44591 22186 78385 479FinanceFinancial and insurance servicesK

45 05343 88342 28339 40836 75535 30835 35734 94333 817Total

21 71721 49821 67820 45119 37419 30720 16220 14619 136Other information and media

services

23 33622 38520 68819 06517 53116 27515 64715 28515 085Telecommunications services

Information media andtelecommunications

J

83 68083 05380 89579 38879 12779 34676 58873 54271 417Total

38 30438 26936 48736 21637 38937 42335 25332 99431 392Transport, postal and storage

services

11 94711 86411 61411 49311 03411 81711 21110 65510 235Rail, pipeline and other

transport(c)

9 4589 0488 9158 0167 4347 2907 2226 8566 381Air and space transport23 97123 87223 81823 70123 34022 95322 97623 09823 532Road transport


141 067134 196138 679140 403144 097137 915133 190119 650116 218Total

77 72576 66278 44676 00271 15268 26166 27966 85263 824Construction services32 93628 52231 33436 53445 73544 25740 83725 38323 957

Heavy and civil engineeringconstruction

30 40529 01228 88627 74626 72124 90225 64327 20128 294Building constructionConstructionE

44 69043 89343 53742 59341 96042 98342 74542 67941 688Total

17 78717 13216 76816 24515 75616 36315 85115 30914 451Water supply and waste services1 7111 7301 7221 6151 5041 5161 3871 4591 363Gas

25 19225 03125 06924 77924 76725 20125 61626 05126 033Electricity

Electricity, gas, water and wasteservices

D

105 233102 059103 125105 474107 176108 344111 946110 940111 222Total


Petroleum, coal, chemical andrubber products

27 03625 21725 42625 89626 69826 80126 19725 57325 647Food, beverage and tobacco

products

ManufacturingC

138 994134 325132 468124 869116 106105 05295 95289 48588 363Total

7 1276 7817 6479 46410 59611 10011 1769 9949 674Exploration and mining support

services

131 868127 544124 464114 741105 20093 92385 12679 62178 766Mining excluding exploration and

mining support services

14 64114 92316 39016 65116 93716 96816 82016 73615 343Other mining48 43047 37745 70040 57434 92628 41825 39121 61821 154Iron ore mining29 06526 53124 13121 46120 89320 00219 02019 96519 205Oil and gas extraction39 73238 71338 63838 08436 11133 75928 18027 13130 037Coal mining

MiningB

46 64947 86843 67647 42346 75646 22746 56646 11744 572Total



$m$m$m$m$m$m$m$m$m

2017-182016-172015-162014-152013-142012-132011-122010-112009-10

INDUSTRY GROSS VALUE ADDED (a) , Cha in Volume Measures (b ) : Annua l45


(b) Reference year for chain volume measures is 2016–17.(c) Excludes ownership of dwellings.

— nil or rounded to zero (including null cells)(a) At basic prices.


9————————Statistical discrepancy (P)123 815119 951117 247111 198109 695109 348107 716106 033104 143Taxes less subsidies on products

1 691 5481 644 5611 606 8741 565 2281 528 4921 488 0291 449 0751 392 4951 358 389Gross value added at basic prices



122 839117 804110 660106 823104 813104 34299 86695 38388 358Total

91 40689 84384 75981 97282 21382 78181 17378 65375 087Other professional, scientific and

technical services

31 43327 96125 91924 87822 82321 91019 34717 57914 654Computer system design and

related services

Professional, scientific and technicalservices

M

53 51753 09051 64747 83345 79842 27439 20236 49836 130Total

45 05545 91844 82941 15238 94435 36632 94530 83530 712Property operators and real

estate services

8 4637 1726 8236 6546 7826 7446 1375 5975 410Rental and hiring services

Rental, hiring and real estateservices(c)

L

$m$m$m$m$m$m$m$m$m

2017-182016-172015-162014-152013-142012-132011-122010-112009-10

INDUSTRY GROSS VALUE ADDED (a) , Cha in Volume Measures (b ) : Annua l co n t i n u e d45


(b) Change on preceding quarter.— nil or rounded to zero (including null cells)(a) Reference year for chain volume measures is

2016–17.

——0.1–0.1—0.1——Gross domestic product

0.3–0.4—–0.20.1—–0.1—less Imports of goods and services0.20.1—–0.1—0.2–0.2—Exports of goods and services

0.1–0.1—–0.1–0.1———Gross national expenditure

0.1—–0.1————0.1Domestic final demand

—–0.2–0.20.1–0.10.2–0.10.3Total gross fixed capital formation

0.5–0.4–0.4–0.10.2–0.1–0.60.5Total public gross fixed capital formation

0.6–0.3–1.10.40.40.1–0.80.5General government0.1–0.61.1–1.5–0.1–0.8–0.10.5Public corporations

Public gross fixed capital formation

–0.2–0.2–0.20.1–0.30.30.10.3Total private gross fixed capital formation

—0.1–0.20.3–0.1—–0.30.4Intellectual property products–0.1–4.3–4.6–1.20.94.83.02.5Cultivated biological resources–1.2–0.20.1–0.30.4–0.1—–0.2Machinery and equipment

—–0.40.2–0.5–0.40.50.4–0.3Non-dwelling construction–0.6—–0.31.0–0.60.1–0.30.7Ownership transfer costs0.50.2–0.50.7–0.40.2—0.6Dwellings

Private gross fixed capital formation

——–0.1————–0.1Total final consumption expenditure

——–0.1———0.1—Households0.2—–0.1–0.1——–0.1—General government


DecSepJunMarDecSepJunMar

2018–192017–182016–17

EXPENDITURE ON GDP, Cha in volume measures (a ) —Rev is ions to percentage changes(b) :

Seasona l l y ad jus ted46



610523175–973078659–145Gross domestic product

–389–498–189192–297228—173Statistical discrepancy (I)–9–8223–9039223—Taxes less subsidies on production and imports

1 0081 104341–197566–16555–318Total factor income

41236027419273–584–46Gross mixed income

75386650–293312445–224Total gross operating surplus

–24–5–5–918–3–6–5Dwellings owned by persons——–1———–1—General government33–2–19–2646–37–21Financial corporations

–2036–1017–1373613Public non-financial corporations76483783–27426038–211Private non-financial corporations

Gross operating surplus–156–12218–97181–1095–47Compensation of employees

IN C O M E FR O M GD P

610523175–973078659–145Gross domestic product

85306157151182–274–6937Statistical discrepancy (E)–314–619–106–4299–66–8847less Imports of goods and services10238–120–371583–129–5Exports of goods and services

109–44031–253210210170–130Gross national expenditure

375–14304–353103–24137–284Changes in inventories

–265–427–27210010723532154Domestic final demand

–359–316–1111153822986177Total gross fixed capital formation

–96–210–123–27–2–61–3993Total public gross fixed capital formation

–11–115–6610640–27–5467General government–85–95–58–134–42–341626Public corporations

Public gross fixed capital formation

–264–106131444029012684Total private gross fixed capital formation

–8–5–816–11–4–623Intellectual property products–49–39–18–6–8–2–26Cultivated biological resources

–268–371–2027–31—–1Machinery and equipment–138–128–5–568322275–41Non-dwelling construction

–521332–485324Ownership transfer costs25110139178–41005574Dwellings

Private gross fixed capital formation

93–110–162–16706–55–24Total final consumption expenditure

52–37–15–21833–6–89Households42–73–1476–143–4965General government


EX P E N D I T U R E ON GD P

$m$m$m$m$m$m$m$m


2018–192017–182016–17

GROSS DOMESTIC PRODUCT ACCOUNT, Cur ren t pr i ces —Rev is ions : Seasona l l y ad jus ted47


(b) Reference year for chain volume measures is 2016–17.(c) Excludes ownership of dwellings.

— nil or rounded to zero (including null cells)(a) At basic prices.

——0.1–0.1—0.1——Gross domestic product

–0.1–0.2–0.10.4–0.1–0.1—0.2Taxes less subsidies on products

———–0.1————Gross value added at basic prices

————————Ownership of dwellings..0.40.10.2–0.50.20.2—–0.2Other servicesS

–0.20.3—–0.40.20.3—–0.3Arts and recreation servicesR–0.1–0.1——0.1———Health care and social assistanceQ

————————Education and trainingP—0.1–0.2———–0.1—Public administration and safetyO

0.30.10.3–0.60.20.10.2–0.4Administrative and support servicesN0.4–0.20.1–0.30.4–0.2—–0.2Professional, scientific and technical servicesM——–0.10.1——–0.1—Rental, hiring and real estate services(c)L

–0.2————0.1–0.1—Financial and insurance servicesK–0.10.1–0.20.3—–0.1——Information media and telecommunicationsJ

—0.10.1–0.1—0.10.1–0.1Transport, postal and warehousingI–0.8–0.1–0.10.10.2–0.1–0.1—Accommodation and food servicesH–0.1——0.1—0.1—0.1Retail tradeG0.2—0.2–0.20.10.10.1–0.2Wholesale tradeF

–0.1–0.1–0.30.3–0.1—–0.10.2ConstructionE0.2–0.10.3–0.40.2—0.2–0.3Electricity, gas, water and waste servicesD0.5–0.20.5–0.30.1–0.20.3–0.2ManufacturingC0.30.2–0.1–0.2–0.20.4–0.10.1MiningB

–1.20.7–1.12.4–0.40.3–1.41.3Agriculture, forestry and fishingA


2018–192017–182016–17

INDUSTRY GROSS VALUE ADDED (a) , Cha in volume measures (b ) —Rev is ions to percentage

changes : Seasona l l y ad jus ted48


4 Estimating the national accounts components for a period of less than one year

presents special problems. It is often difficult to adhere strictly to definitions used in

annual estimates when deriving quarterly ones. This is particularly the case for the

quarterly measure of income, because it is not always possible to match the volume of

production for a quarter with the cost incurred in that production. Difficulties are also

encountered in obtaining detailed data for short periods and in preparing consistent

estimates from different sources with different accounting procedures and periods.

Furthermore, the quarter–to–quarter growth in seasonally adjusted terms is very

sensitive to the timing of recording a transaction. If the recording of a transaction is

delayed by one quarter, seasonally adjusted movements will be distorted for three

consecutive quarters. All these problems affect the accuracy of the current price and

chain volume estimates and should be taken into account in interpreting the estimates.

5 The majority of the estimates in the quarterly national accounts are based on the

results of sample surveys. Many of the results of these surveys are released in the period

leading up to the release of the quarterly accounts thus providing users with a guide to

likely movements in key national accounting aggregates. In a national accounts context,

these various pieces of information are referred to as partial indicators. Usually there are

differences in concept and scope between the national accounts series and the relevant

partial indicator which means that the movements in the partial indicator will not always

be identical to the national accounts series movement. However, in general the

movements should be similar. To ensure a reasonable level of consistency between the

partial indicators and the national accounts series and hence present a common

understanding of recent economic developments, the national accounts area liaises with

AC C U R A C Y OF QU A R T E R L Y

ES T I M A T E S

2 Australia's national accounts statistics are compiled in accordance with international

standards contained in the System of National Accounts. These standards have recently

been updated and are presented in the System of National Accounts, 2008 (SNA08).

Australia's application of these SNA standards is described in Australian System of

National Accounts: Concepts, Sources and Methods (cat. no. 5216.0). It is available on

the ABS website <http://www.abs.gov.au>. This publication outlines major concepts

and definitions, describes sources of data and methods used to derive annual and

quarterly estimates for major aggregates at current prices and in chain volume terms, and

discusses the accuracy and reliability of the national accounts. In addition, it includes

documentation on input–output tables, financial accounts, capital stock, productivity

measures, balance sheets, and state accounts.

3 While national estimates are based on the concepts and conventions embodied in

SNA08, no such standard is available for sub–national (regional/state) accounts. In the

main, the national concepts are applicable to state accounts, but there remain a number

of conceptual and measurement issues that either do not apply or are insignificant at the

national level. Information on some of the more important conceptual, methodological

and data issues relating to annual and quarterly estimates by state is provided in Chapter

28 of the Concepts, Sources and Methods.

CO N C E P T S , SO U R C E S AN D

ME T H O D S

1 This publication contains estimates of gross domestic product (GDP) and its

components, components of state final demand, the national income account, the

national capital account and supporting series. Quarterly estimates are provided for the

latest nine quarters. For the most part, these estimates are provided in trend and

seasonally adjusted terms. Where trend and seasonally adjusted estimates are not

available, original data are provided. Annual estimates, on an original basis, are provided

for the key statistics for the past nine years. The List of Time Series Spreadsheets, set out

in the Appendix, shows the full range of data provided. The full quarterly time series,

including all original data on a quarterly basis (both national and state), are available

from the Australian Bureau of Statistics (ABS) website <http://www.abs.gov.au>.

I N T R O D U C T I O N


E X P L A N A T O R Y N O T E S

11 Data that are affected by seasonal factors are adjusted to remove the effects of these

factors. Three important points should be noted here:

! The methods used in seasonal adjustment do not force the sum of the adjusted

current price estimates for each quarter of a year to equal the original annual total.

! Where chain volume estimates have no apparent seasonality in their implicit price

deflators, the estimates are adjusted using the corresponding factors for current

price estimates.

! A special method, known as the pseudo–additive method, has been used to adjust

the output of cereal crops. This is necessary to account for the fact that there is no

cereal output in some quarters.

12 Seasonally adjusted chain volume figures are calculated from seasonally adjusted

figures expressed in the prices of the previous year. As with original data, the seasonally

adjusted chain volume measures are benchmarked to annual original estimates. As a

consequence, the seasonally adjusted chain volume measures sum to the corresponding

annual original figures – unlike their current price counterparts.

Seasonal Adjustment

10 The general methods for deriving seasonally adjusted and trend estimates are

described in Australian System of National Accounts: Concepts, Sources and Methods

(cat. no. 5216.0).

SE A S O N A L L Y AD J U S T E D AN D

TR E N D ES T I M A T E S

9 Most figures are subject to revision as more complete and accurate information

becomes available. The revisions are of two types: those made to recent quarters and

those made as a consequence of a redistribution across all quarters within a year

following revisions to annual totals.

RE V I S I O N S

the relevant survey areas and provides feedback regarding data quality and data

coherence. This may result in adjustments being made by survey areas to their collected

data prior to their release. The objective use of the national accounts framework to

provide data coherence across all ABS economic statistics ensures that a common

understanding of recent economic developments is presented.

6 The state estimates generally represent dissections of quarterly estimates published

for Australia in this publication. Therefore, they will reflect any inaccuracies in those

estimates as well as inaccuracies introduced by the particular conceptual, methodological

and data problems inherent in the allocation of Australian estimates to states and

territories. As such, the degree of accuracy and reliability will necessarily be lower than

that for the counterpart Australian estimates.

7 Estimates for compensation of employees, household final consumption expenditure

and private gross fixed capital formation are based on the results of sample surveys. By

their nature, survey results become less accurate as they are disaggregated (for example

into states and/or industries). Generally, the ABS surveys used to derive these aggregates

are designed to provide accurate estimates at the Australian total level and individual

state estimates that are less accurate but still of acceptable quality. However, it should be

noted that relative standard errors are generally higher for the smaller states and

territories than they are for the larger states. This may result in greater volatility in the

quarterly estimates for the smaller states and two territories.

8 Estimates of government final consumption expenditure, and general government

and public enterprise gross fixed capital formation can be substantially affected by the

indicators chosen to apportion the Commonwealth government component to states

and territories. Care is required when interpreting these estimates.

AC C U R A C Y OF QU A R T E R L Y

ES T I M A T E S continued


E X P L A N A T O R Y N O T E S continued

18 GDP is derived by three approaches: the income approach (I), the expenditure

approach (E) and the production approach (P). A description of each approach is

provided in the following paragraphs. While each measure should, conceptually,

produce the same estimate of GDP, if the three measures are compiled independently

using different data sources, then different estimates of GDP result. The ABS aligns the

estimates of GDP annually by balancing them in supply and use tables. These tables have

been compiled from 1994–95, up to the year preceding the latest complete financial year.

Balancing in supply and use tables ensures that the same estimate of GDP is obtained

from the three approaches. Annual estimates using the I, E and P approaches are

identical for the years for which these tables are compiled. For years balanced using

supply and use tables, quarterly GDP is benchmarked to annual GDP. However, the

three estimates of GDP can be different for any given quarter. The annual GDP estimate

produced by balancing using supply and use tables forms the benchmark for the

production of quarterly GDP going forward. Quarterly GDP is compiled in chain volume

terms using all three approaches. The headline measure of GDP is a simple average of

the three separate measures. It is labelled GDP(A), with "A" denoting "average".

GR O S S DO M E S T I C PR O D U C T

(G D P )

17 For trend and seasonally adjusted series, the sum of the states and territories

generally does not equal the corresponding estimate for 'total Australia', nor are the

quarter–to–quarter movements identical. On a few occasions, these differences have

been significant, particularly for the seasonally adjusted series. This reflects both the

shorter span of data available for seasonal analysis at the state level and the fact that

seasonal analysis is generally carried out at a more aggregated level than for the 'total

Australia' series. The state and territory trend and seasonally adjusted series are less

accurate than the Australian data. However, as the state and territory time series

lengthen, the quarterly movements in the sum of the state estimates should more closely

match those in the Australian series.

State and terr i tory versus

Austral ian ser ies

13 A trend estimate is obtained by removing the irregular component from the

seasonally adjusted series. For estimates in this publication, it is calculated using a

centred 7–term Henderson moving average of the seasonally adjusted series. The

procedure is designed to minimise distortions in the trend level, turning point shape and

timing of turning points. Estimates for the three most recent quarters cannot be

calculated using this centred average method; instead an asymmetric average is used.

This can lead to revisions in the trend estimates for the last three quarters when data

become available for later quarters, even if none of the original data for earlier quarters

has changed.

14 The higher the 'irregular' component in a series, then the greater the likelihood

that trend estimates for the latest quarters will be revised as more observations become

available. However, it is important to note that this does not make the trend series

inferior to the seasonally adjusted or original series. In fact, in such cases the effect of the

irregular component on overall movements is likely to be even more in the seasonally

adjusted and the original estimates than in the trend series.

15 Trend estimates for aggregates such as GDP are derived directly, rather than as the

sum of components. As a result, the sum of the trend estimates of individual

components of a particular aggregate will not sum to the overall trend estimate of the

aggregate for the latest three quarters. This approach provides higher quality trend

estimates for key aggregates, particularly GDP.

16 For more information about ABS procedures for deriving trend estimates and an

analysis of the advantage of using them over alternative techniques for monitoring

trends, see Information Paper: A Guide to Interpreting Time Series – Monitoring

Trends, 2003 (cat. no. 1349.0) or contact Time Series Analysis by email at <

[email protected]>.

Trend Est imates



25 In the national accounts, estimates are made for the output of banks and similar

institutions who produce services through the provision of deposit and loan services.

Often there is no single explicit charge for these services and instead the relevant

financial institutions set interest rates such that a service margin can be earned. Thus,

interest rates on loans are higher than would otherwise be the case if there were no

service element provided and interest rates on deposits are lower than would otherwise

be the case.

26 In order to appropriately account for this service component the output produced

by these financial institutions is shown as being consumed by Households (includes

unincorporated enterprises and private non profit institutions serving households),

Corporations, and General government. In the sector income accounts the effect of

allocating the output to consuming sectors is that part of the interest flow is deemed a

payment of service and the balance is shown as interest such that the net effect on saving

is zero.

F I N A N C I A L IN T E R M E D I A T I O N

SE R V I C E S

23 GDP using the production approach is derived as the sum of gross value added for

each industry, at basic prices, plus taxes less subsidies on products. Basic values

represent the amounts received by producers, including the value of any subsidies on

products, but before any taxes on products. The difference between the sum over all

industries of gross value added at basic prices, and GDP at market (or purchasers')

prices, is the value of taxes less subsidies on products.

24 In this publication, only volume estimates compiled using the production approach

have been shown. These estimates are derived by extrapolating annual volume measures

using various indicators. The information necessary to compile comprehensive current

price estimates using the production approach is not available quarterly.

PRODUCTION APPROACH (P)

22 GDP using the expenditure approach is derived as the sum of all final expenditures,

changes in inventories and exports of goods and services less imports of goods and

services. Volume estimates are derived for each of the components as well as for their

sum.

EXPENDITURE APPROACH (E)

21 GDP using the income approach is derived as the sum of compensation of

employees, gross operating surplus, gross mixed income and taxes less subsidies on

production and imports. Volume estimates are derived at the total GDP level by deflating

current price estimates by the implicit price deflator from the expenditure approach.

INCOME APPROACH (I)

19 Prior to 1994–95 quarterly and annual estimates using each approach are based on

independent sources, and there are usually differences between the I, E and P estimates.

For these periods, a single estimate of GDP has been compiled. In chain volume terms,

GDP is derived by averaging the chain volume estimates obtained from each of the three

independent approaches. The current price estimate of GDP is obtained by reflating the

average chain volume estimate by the implicit price deflator derived from the

expenditure–based estimates.

20 As a result of the above methods:

! There is no statistical discrepancy for annual estimates from 1994–95 up to the year

prior to the latest complete financial year, in either current price or volume terms,

except for estimates released in the June quarter where discrepancies will exist for

the latest two complete financial years.

! For years prior to 1994–95, and for all quarters, statistical discrepancies exist

between estimates based on the I, E and P approaches and the single estimate of

GDP, in both current prices and volume terms. These discrepancies are shown in

the relevant tables.

GR O S S DO M E S T I C PR O D U C T

(G D P ) continued



28 In addition to the publications already mentioned, others of interest include:

! annual Australian System of National Accounts (cat. no. 5204.0)

! annual Australian National Accounts: State Accounts (cat. no. 5220.0)

! quarterly Australian National Accounts: Finance and Wealth (cat. no. 5232.0).

29 Current publications and other products released by the ABS are freely available

from the ABS website <http://www.abs.gov.au>, the website contains a link to the daily

Release Advice which details products to be released in the weeks (months) ahead.

RE L A T E D PU B L I C A T I O N S

27 In interpreting the income accounts it is therefore necessary to regard the interest

flow series as being a flow without a service element – i.e. a pure interest flow. In the

case of loans the interest flow that is shown will be less than the observed interest

payment made to the financial institution. In the case of deposits the interest flow that is

shown will be greater than the observed interest payment made by the financial

institution. For further information users should consult the Australian System of

National Accounts: Concepts, Sources and Methods (cat. no. 5216.0).

F I N A N C I A L IN T E R M E D I A T I O N

SE R V I C E S continued

Wage Price IndexWPI

Western AustraliaWA

VictoriaVic.

unit labour costsULC

TasmaniaTas.

System of National Accounts 2008 versionSNA08

South AustraliaSA

real unit labour costsRULC

QueenslandQld

Northern TerritoryNT

New South WalesNSW

household final consumption expenditureHFCE

gross value of agricultural productionGVAP

gross value addedGVA

gross operating surplusGOS

gross national incomeGNI

gross national expenditureGNE

gross fixed capital formationGFCF

government final consumption expenditureGFCE

gross domestic productGDP

domestic final demandDFD

AustraliaAust.

Australian and New Zealand Standard Industrial Classification, 2006

Edition

ANZSIC06

Australian Capital TerritoryACT

Australian Bureau of StatisticsABSAB B R E V I A T I O N S



Trend, seasonally adjusted and original. National General Government Income Account, Currentprices

18.

Trend, seasonally adjusted and original.37, 38 General Government Income Account, Current prices17.

Trend, seasonally adjusted and original. Financial Corporations Income Account, Current prices16.

Trend, seasonally adjusted and original. Public Non-Financial Corporations Income Account,Current prices

15.

Trend, seasonally adjusted and original. Private Non-Financial Corporations Income Account,Current prices

14.

Trend, seasonally adjusted and original. Non-Financial Corporations Income Account, Currentprices

13.

Trend, seasonally adjusted and original.33 National Capital Account, Current prices12.

Trend, seasonally adjusted and original.32 National Income Account, Current prices11.

Trend, seasonally adjusted and original.23 Agricultural Income, Current prices10.

Volume and current price data (trend , seasonally adjusted &original).

22 Changes in Inventories9.

Volume and current price data (trend , seasonally adjusted &original).

20, 21 Household Final Consumption Expenditure (HFCE)8.

Trend, seasonally adjusted and original Income from GDP.18, 19, 47 Income from Gross Domestic Product (GDP), Currentprices

7.

Trend, seasonally adjusted and original data for industry GVAincluding percentage changes (trend & seasonally adjusted),revisions to percentage changes and contributions to growth(seasonally adjusted).

14, 15, 16, 17, 48 Gross Value Added by Industry, Chain volume measures6.

Seasonally adjusted and percentage changes (seasonallyadjusted).

12, 13 Expenditure on Gross Domestic Product (GDP), Implicitprice deflators

5.

Original and percentage changes (original).10, 11 Expenditure on Gross Domestic Product (GDP), Chain priceindexes

4.

Trend, seasonally adjusted and original data for expenditure onGDP including revisions (seasonally adjusted).

9, 47 Expenditure on Gross Domestic Product (GDP), Currentprices

3.

Trend, seasonally adjusted and original data for expenditure onGDP including percentage changes, revisions to percentagechanges and contributions to growth.

4, 5, 6, 7, 8, 46 Expenditure on Gross Domestic Product (GDP), Chainvolume measures

2.

Trend, seasonally adjusted and original data for key aggregatesincluding percentage changes and indexes.

1, 2 Key National Accounts Aggregates1.

Type of data

Includes table(s)

from pdf Electronic table (time series spreadsheet)


A P P E N D I X T I M E S E R I E S S P R E A D S H E E T S

Annual current price data. National Income Account, Current prices, Annual38.

Annual volume measures.45 Industry Gross Value Added, Chain volume measures,Annual

37.

Annual volume and current price data with chain price indexesand IPD's.

42, 43 Expenditure on Gross Domestic Product (GDP), Chainvolume measures and Current prices, Annual

36.

Annual44 Income from GDP and Changes in Inventories, Annual35.

Annual3 Key Aggregates and analytical series, Annual34.

Trend, seasonally adjusted and original, and revisions topercentage changes (seasonally adjusted).

State Final Demand, Detailed Components: AustralianCapital Territory

33.


State Final Demand, Detailed Components: NorthernTerritory

32.


State Final Demand, Detailed Components: Tasmania31.


State Final Demand, Detailed Components: WesternAustralia

30.


State Final Demand, Detailed Components: SouthAustralia

29.


State Final Demand, Detailed Components: Queensland28.


State Final Demand, Detailed Components: Victoria27.


State Final Demand, Detailed Components: New SouthWales

26.

Trend and seasonally adjusted, all states24, 25, 26, 27,28, 29, 30, 31

State Final Demand, Summary Components by State:Chain volume measures

25.

Trend, seasonally adjusted and original.40, 41 Selected Analytical Series24.

Original. Social Assistance Benefits Payments, Current prices23.

Trend, seasonally adjusted and original.39 Taxes, Current prices22.

Trend, seasonally adjusted and original.34 External Account, Current prices21.

Trend, seasonally adjusted and original.35, 36 Household Income Account, Current prices20.

Trend, seasonally adjusted and original. State and Local General Government Income Account,Current prices

19.

Type of data

Includes table(s)



A P P E N D I X T I M E S E R I E S S P R E A D S H E E T S continued

Trend, seasonally adjusted and original. Gross Value Added by Industry, Current Prices45.

Seasonally Adjusted. Compensation of Employees, State by Sector: CurrentPrices

44.

Annual indexes. Indexes of Industrial Production, Annual43.

Trend, seasonally adjusted and original indexes. Unit Labour Costs42.

Quarterly indexes. Indexes of Industrial Production41.

Annual current price data. External Account, Current prices, Annual40.

Annual current price data. National Capital Account, Current prices, Annual39.

Type of data

Includes table(s)



A P P E N D I X T I M E S E R I E S S P R E A D S H E E T S continued

The difference in value between inventories held at the beginning and end of thereference period by enterprises and general government. For national accountingpurposes, physical changes in inventories should be valued at the prices current at thetimes when the changes occur. For these purposes, changes in inventories are obtainedafter adjusting the increase in book value of inventories by the inventory valuationadjustment. The need for the latter arises because the changes in the value of inventoriesas calculated from existing business accounting records do not meet national accounting


Annually–reweighted chain Laspeyres volume indexes referenced to the current pricevalues in a chosen reference year (i.e. the year when the quarterly chain volumemeasures sum to the current price annual values). Chain Laspeyres volume measures arecompiled by linking together (compounding) movements in volumes, calculated usingthe average prices of the previous financial year, and applying the compoundedmovements to the current price estimates of the reference year. Quarterly chain volumeestimates are benchmarked to annual chain volume estimates, so that the quarterlyestimates for a financial year sum to the corresponding annual estimate.

Chain volume measures

Annually–reweighted chain Laspeyres price indexes referenced to the same year as thechain volume measures. They can be thought of as a series of indexes measuring pricechange from a base year to quarters in the following year using current price values inthe base year as weights, linked together to form a continuous time series. In otherwords, chain price indexes are constructed in a similar fashion to the chain volumeindexes. Quarterly chain price indexes are benchmarked to annual chain price indexes inthe same way as their chain volume counterparts. Unlike implicit price deflators, chainprice indexes measure only the impact of price change.

Chain price indexes

Unrequited transactions where either;! ownership of an asset (other than cash or inventories) is transferred from one

institutional unit to another;! cash is transferred to enable the recipient to acquire another asset; or! the funds realised by the disposal of an asset are transferred.

Examples include general government capital transfers to private schools for theconstruction of science blocks or libraries, assistance to first home owners and transfersto charitable organisations for the construction of homes for the aged.

Capital transfers

Records the values of the non–financial assets that are acquired, or disposed of, byresident institutional units by engaging in transactions, and shows the change in networth due to saving and capital transfers or internal bookkeeping transactions linked toproduction (changes in inventories and consumption of fixed capital).

Capital account

The amount receivable by the producer from the purchaser for a unit of a good orservice produced as output, minus any tax payable plus any subsidy receivable, on thatunit as a consequence of its production or sale; it excludes any transport chargesinvoiced separately by the producer.

Basic price

Calculated as total compensation of employees divided by the number of wage and salaryearners from the monthly Labour Force Survey.

Average compensation peremployee

Original films, sound recordings, manuscripts, tapes, models, etc., on which dramaperformances, radio and television programming, musical performances, sportingevents, literary and artistic output, etc. are recorded or embodied. Included are worksproduced on own–account. In some cases there may be multiple originals (e.g. films).

Artistic originals

The income accruing from agricultural production during an accounting period. It isequal to total agricultural factor income less consumption of fixed capital, compensationof employees, and net rent and interest payments.

Agricultural income

Includes three distinct types of non–produced non–financial assets: natural resources;contracts, leases and licences; and goodwill and marketing assets. At present, estimatesof the value of purchased goodwill and marketing assets are not compiled for the ASNA.

Acquisitions less disposals ofnon–produced non–financial

assets


G L O S S A R Y

Transfers, other than those classified as capital transfers, in which one institutional unitprovides a good, service or cash to another unit without receiving from the latteranything of economic value in return.

Current transfers

Include taxes on the incomes of households or the profits of corporations and taxes onwealth that are payable regularly every tax assessment period (as distinct from capitaltaxes that are levied infrequently).

Current taxes on income,wealth, etc

Estimates are valued at the prices of the period to which the observation relates. Forexample, estimates for this financial year are valued using this financial year’s prices. Thiscontrasts to chain volume measures where the prices used in valuation refer to theprices of the previous year.

Current prices

Includes livestock raised for breeding, dairy, wool, etc., and vineyards, orchards andother plantations of trees yielding repeat products that are under the direct control,responsibility and management of institutional units. Immature cultivated assets areexcluded unless produced for own use.

Cultivated biological resources

The contributions to growth for a given aggregate 'A' is calculated as:

100 * ((PYAt – PPAt) / PPAt) x (PPAt / PPGDPt)

Where:! PYAt is the quantity of an aggregate in the current period, in previous period prices! PPAt is the quantity of an aggregate in the previous period, in previous period prices! PPGDPt is the current price value of GDP in the previous period.

Additivity for contributions to growth exists for the years where the statisticaldiscrepancy is zero, effectively 1995–96 onwards, by using GDP expressed in the prices ofthe previous year. For the period 1986–87 to 1994–95, where the statistical discrepancy isnot zero, the result is close to additive but not exact because the statistical discrepancycannot be expressed in prices of the previous year. Additionally, quarterly contribution togrowth estimates will not add to GDP growth due to the existence of a statisticaldiscrepancy between the three quarterly measures of GDP.

Contributions to growth inGDP

The value of the reproducible fixed assets used up during a period of account as a resultof normal wear and tear, foreseen obsolescence and the normal rate of accidentaldamage. Unforeseen obsolescence, major catastrophes and the depletion of naturalresources are not taken into account.

Consumption of fixed capital

Computer programs, program descriptions and supporting materials for both systemsand applications software. Included are purchased software and, if the expenditure islarge, software developed on own–account. It also includes the purchase ordevelopment of large databases that the enterprise expects to use in production over aperiod of more than one year. The ASNA does not separately identify databases fromcomputer software as recommended by the 2008 SNA.

Computer software

Total remuneration, in cash or in kind, payable by an enterprise to an employee in returnfor work done by the employee during the accounting period. It is further classified intotwo sub–components: wages and salaries; and employers’ social contributions.Compensation of employees is not payable in respect of unpaid work undertakenvoluntarily, including the work done by members of a household within anunincorporated enterprise owned by the same household. Compensation of employeesexcludes any taxes payable by the employer on the wage and salary bill (e.g. payroll tax).See also Employers’ social contributions and Wages and salaries.


requirements. The inventory valuation adjustment is the difference between the changein (book) value of inventories and the physical changes valued at current prices. Thephysical changes at average current quarter prices are calculated by applying averagequarterly price indexes to the changes in various categories of inventories in volumeterms.

Changes in inventoriescontinued


G L O S S A R Y continued

Net expenditure on goods and services by persons and expenditure of a current natureby private non–profit institutions serving households. This item excludes expendituresby unincorporated businesses and expenditures on assets by non–profit institutions(included in gross fixed capital formation). Also excluded is expenditure on maintenanceof dwellings (treated as intermediate expenses of private enterprises), but personalexpenditure on motor vehicles and other durable goods and the imputed rent ofowner–occupied dwellings are included. The value of 'backyard' production (includingfood produced and consumed on farms) is included in household final consumptionexpenditure and the payment of wages and salaries in kind (e.g. food and lodgingsupplied free to employees) is counted in both household income and household finalconsumption expenditure.

Final consumptionexpenditure – households

Net expenditure on goods and services by public authorities, other than those classifiedas public corporations, which does not result in the creation of fixed assets orinventories or in the acquisition of land and existing buildings or second–hand assets. Itcomprises expenditure on compensation of employees (other than those charged tocapital works, etc.), goods and services (other than fixed assets and inventories) andconsumption of fixed capital. Expenditure on repair and maintenance of roads isincluded. Fees, etc., charged by general government bodies for goods sold and servicesrendered are offset against purchases. Net expenditure overseas by general governmentbodies and purchases from public corporations are included. Expenditure on defenceassets is classified as gross fixed capital formation.

Final consumptionexpenditure – general

government

Includes:! inventories held on farms (including wool, wheat, barley, oats, maize, sorghum, hay,

fertiliser, apples and pears, and livestock);! wool held in store awaiting sale; and! produce (e.g. vegetables) held in cold store where ownership remains with the

primary producer.

Farm inventories

Is the part of gross domestic product which derives from production in agriculture andservices to agriculture.

Farm GDP

Records all current transactions between Australian residents and non–residents.External account

The value of goods exported and amounts receivable from non–residents for theprovision of services by residents.

Exports of goods and services

Payments by employers which are intended to secure for their employees theentitlement to social benefits should certain events occur, or certain circumstances exist,that may adversely affect their employees' income or welfare – namely work–relatedaccidents and retirement.

Employers’ socialcontributions

Buildings, or designated parts of buildings, that are used entirely or primarily asresidences, including any associated structures, such as garages, and all permanentfixtures customarily installed in residences. Houseboats, barges, mobile homes andcaravans used as principal residences of households are also included, as are publicmonuments identified primarily as dwellings. The costs of site clearance and preparationare also included in the value of dwellings.

Dwellings

Defined as:! household final consumption expenditure on goods! plus private gross fixed capital formation: dwellings, non–dwelling construction, and

machinery and equipment! plus public gross fixed capital formation: dwellings, non–dwelling construction, and

machinery and equipment.

Domestic sales



The value of output at basic prices minus the value of intermediate consumption atpurchasers' prices. The term is used to describe gross product by industry and by sector.Basic prices valuation of output removes the distortion caused by variations in theincidence of commodity taxes and subsidies across the output of individual industries.

Gross value added

The operating surplus accruing to all enterprises, except unincorporated enterprises,from their operations in Australia. It is the excess of gross output over the sum ofintermediate consumption, compensation of employees, and taxes less subsidies onproduction and imports. It is calculated before deduction of consumption of fixedcapital, dividends, interest, royalties and land rent, and direct taxes payable, but afterdeducting the inventory valuation adjustment. Gross operating surplus is also calculatedfor general government and it equals general government's consumption of fixed capital.


The aggregate value of gross primary incomes for all institutional sectors, including netprimary income receivable from non–residents.

Gross national income (GNI)

The total expenditure within a given period by Australian residents on final goods andservices (i.e. excluding goods and services used up during the period in the process ofproduction). It is equivalent to gross domestic product plus imports of goods andservices less exports of goods and services.

Gross national expenditure(GNE)

The surplus or deficit accruing from production by unincorporated enterprises. Itincludes elements of both compensation of employees (returns on labour inputs) andoperating surplus (returns on capital inputs).

Gross mixed income ofunincorporated enterprises

(GMI)

The total income, whether in cash or kind, receivable by persons normally resident inAustralia. It includes both income in return for productive activity (such as compensationof employees, the gross mixed income of unincorporated enterprises, gross operatingsurplus on dwellings owned by persons, and property income receivable, etc.) as well astransfers receivable (such as social assistance benefits and non–life insurance claims).

Gross income – households

Expenditure on new fixed assets plus net expenditure on second–hand fixed assets,including both additions and or replacements. Expenditure on repair and maintenanceof fixed assets is excluded, being chargeable to the production account. Compensationof employees and other costs paid by corporations in connection with own–accountcapital formation are included.


The ratio of the chain volume estimate of GDP to an estimate of hours worked. Hoursworked estimates are derived as the product of employment and average hours worked.

Movements in chain volume estimates of GDP per hour worked are commonlyinterpreted as changes in labour productivity. However, it should be noted that thesemeasures reflect not only the contribution of labour to changes in production per hourworked, but also the contribution of capital and other factors (such as managerialefficiency, economies of scale, etc.).

Gross domestic product perhour worked

The ratio of the chain volume estimate of GDP to an estimate of the resident Australianpopulation. Population estimates use data published in the quarterly publicationAustralian Demographic Statistics (cat. no. 3101.0) and ABS projections.

GDP per capita

Is the total market value of goods and services produced in Australia within a givenperiod after deducting the cost of goods and services used up in the process ofproduction but before deducting allowances for the consumption of fixed capital. Thusgross domestic product, as here defined, is 'at market prices'. It is equivalent to grossnational expenditure plus exports of goods and services less imports of goods andservices.

Gross domestic product (GDP)

Gross household income less income tax payable, other current taxes on income, wealthetc., consumer debt interest, interest payable by unincorporated enterprises anddwellings owned by persons, net non–life insurance premiums and other currenttransfers payable by households.

Gross disposable income –households



Calculated as GDP less consumption of fixed capital.Net domestic product

Calculated as the sum of the net saving of each of the resident sectors – households andunincorporated enterprises, non–financial corporations, financial corporations andgeneral government.

National saving

The value of expenditures on exploration for petroleum and natural gas and fornon–petroleum mineral deposits. These expenditures include pre–licence costs, licenceand acquisition costs, appraisal costs and the costs of actual test drilling and boring, aswell as the costs of aerial and other surveys, transportation costs etc., incurred to make itpossible to carry out the tests.

Mineral and petroleumexploration

The 'market sector' is defined to include all industries except for Public administrationand safety (O); Education and training (P); Health care and social assistance (Q) andOwnership of dwellings.

Market sector

Includes transport equipment and other machinery and equipment, other than thatacquired by households for final consumption.


Receivable by the owners of financial assets such as deposits, loans, and securities otherthan shares for putting the financial asset at the disposal of another institutional unit.

Interest

Are as a result of research and development, investigation or innovations leading toknowledge that the developers can market or use for their own benefit. Includescomputer software, research and development, entertainment, literary or artisticoriginals, and mineral exploration intended to be used for more than a year.

Intellectual property products

Consists of taxes on the income of households, corporations and non–residents, andtaxes on wealth which are levied regularly (wealth taxes which are levied irregularly areclassified as capital taxes and are recorded in the sectoral capital accounts).

Income tax

Shows how gross disposable income is used for final consumption expenditure and theconsumption of fixed capital (depreciation), with the balance being net saving. Incomeflows are divided into primary income and secondary income. Primary incomes areincomes that accrue to institutional units as a consequence of their involvement inprocesses of production or ownership of assets that may be needed for purposes ofproduction. Secondary incomes are incomes that are redistributed between institutionalunits by means of payments and receipts of current transfers. Income redistribution alsoincludes social transfers in kind.

Income account

Imports of merchandise goods divided by domestic sales. This ratio is calculated usingcurrent price estimates. See also Domestic sales.

Imports to domestic sales ratio

The value of goods imported and amounts payable to non–residents for the provision ofservices to residents.

Imports of goods and services

Obtained by dividing a current price value by its real counterpart (the chain volumemeasure). When calculated from the major national accounting aggregates, such as grossdomestic product, implicit price deflators relate to a broader range of goods and servicesin the economy than that represented by any of the individual price indexes that arepublished by the ABS. Movements in an implicit price deflator reflect both changes inprice and changes in the composition of the aggregate for which the deflator iscalculated.

Implicit price deflator

The ratio of household net saving to household net disposable income. Household netsaving is calculated as household net disposable income less household finalconsumption expenditure. Household net disposable income is calculated as householdgross disposable income less household consumption of fixed capital.

Household saving ratio

The hours worked by all labour engaged in the production of goods and services,including hours worked by civilian wage and salary earners, employers, self–employedpersons, persons working one hour or more without pay in a family business or on afarm, and members of the Australian defence forces.

Hours worked



Defined as:! non–dwelling construction! plus machinery and equipment! plus cultivated biological resources! plus intellectual property products.

Private business investment

Consists of fees paid to lawyers, fees and commissions paid to real estate agents andauctioneers, stamp duty, Title Office charges and local government charges. Ownershiptransfer costs in the ASNA relate to dwellings and non–dwelling construction.

Ownership transfer costs

Consists of all taxes that enterprises incur as a result of engaging in production, excepttaxes on products. Other taxes on production include: taxes related to the payroll orworkforce numbers excluding compulsory social security contributions paid byemployers and any taxes paid by the employees themselves out of their wages orsalaries; recurrent taxes on land, buildings or other structures; some business andprofessional licences where no service is provided by the government in return; taxes onthe use of fixed assets or other activities; stamp duties; taxes on pollution; and taxes oninternational transactions.

Other taxes on production

Consists of all subsidies, except subsidies on products, which resident enterprises mayreceive as a consequence of engaging in production. Other subsidies on productioninclude: subsidies related to the payroll or workforce numbers, including subsidiespayable on the total wage or salary bill, on numbers employed, or on the employment ofparticular types of persons, e.g. persons with disabilities or persons who have beenunemployed for a long period.

Other subsidies on production

Other current taxes on income, wealth etc. consists mainly of payments by householdsto obtain licences to own or use vehicles, boats or aircraft, and for licences to hunt,shoot or fish.

Other current taxes onincome, wealth etc.

Claims payable in settlement of damages that result from an event covered by a non–lifeinsurance policy in the current accounting period.

Non–life insurance claims

All inventories except those classified to farm and public authorities inventories.Non–farm inventories

Non–farm GDP arises from production in all industries other than agriculture.Non–farm GDP

Consists of non–residential buildings and other structures. ‘Non–residential buildings’are buildings other than dwellings, including fixtures, facilities and equipment that areintegral parts of the structures and costs of site clearance and preparation.

‘Other structures’ are structures other than buildings, including streets, sewers and siteclearance and preparation other than for residential or non–residential buildings. Alsoincluded are shafts, tunnels and other structures associated with the extraction ofmineral and energy resources. Major improvements to land, such as dams, are alsoincluded.

Non–dwelling construction

All transfers to or from non–residents to resident government or private institutionalunits which are not payments for goods and services, compensation of employees orproperty income.

Net secondary income fromnon–residents

Balancing item of the income account, this is equal to total income receivable less totalincome payable, final consumption expenditure and consumption of fixed capital.Represents the excess of income over consumption.

Net saving

Defined as non–life insurance premiums plus premium supplements less the non–lifeinsurance service charge.

Net non–life insurancepremiums

The excess of net acquisition of financial assets in the rest of the world by residentinstitutional units over their net incurrence of liabilities in the rest of the world.

Net lending to non–residents



Is calculated by:! taking real gross domestic income! deducting real incomes payable to the rest of the world! adding real incomes receivable from the rest of the world! deducting the volume measure of consumption of fixed capital.

Real net national disposableincome

The real aggregate value of gross primary incomes for all institutional sectors, includingnet primary income receivable from non–residents. It is calculated by adjusting real grossdomestic income for the real impact of primary income flows (property income andlabour income) to and from overseas.

Real gross national income

Measures the purchasing power of the total incomes generated by domestic production.

It is calculated by:! taking the volume measure of gross national expenditure (GNE)! adding exports of goods and services at current prices deflated by the implicit price

deflator for imports of goods and services! deducting the volume measure of imports of goods and services! adding the current price statistical discrepancy for GDP(E) deflated by the implicit

price deflator for GDP.

In the derivation of the aggregate all of the adjustments are made using the chainvolume aggregation method used to derive all of the ABS chain volume estimates.

Real gross domestic income

The amount paid by the purchaser, excluding any deductible tax, in order to takedelivery of a unit of a good or service at the time and place required by the purchaser.The purchaser’s price of a good includes any transport charges paid separately by thepurchaser to take delivery at the required time and place.

Purchasers' prices

Include estimates for general government, public non–financial corporations and publicfinancial corporations. Recorded inventories include demonetised gold transactions(gold sales and gold loans) by the Reserve Bank of Australia and the construction ofmilitary equipment for export.

Public authorities inventories

Includes imputed flows relating to life insurance, superannuation and non–life insuranceoperations. These include imputed interest from life insurance and pension funds tohouseholds; premium supplements which are an imputed property income flow fromnon–life insurance corporations to policy–holders; and imputed interest from thegeneral government sector to households, which is recorded on the account of theunfunded superannuation schemes operated by the general government sector.

Property income flowsattributable to insurance policy

holders

A common method of examining changes in productivity over an extended periodinvolves identifying and dividing the data into productivity 'growth cycles'. Year to yearchanges in measured productivity may reflect changes that are conceptually distinct fromthe notion of productivity. By analysing averages of productivity statistics betweengrowth cycle peaks, the effects of some of these temporary influences can be minimised,allowing better analysis of the drivers of productivity growth in different periods.Productivity growth cycle peaks are determined by comparing the annual MFP estimateswith their corresponding long–term trend estimates. The peak deviations between thesetwo series are the primary indicators of a growth–cycle peak, although general economicconditions at the time are also considered.

Production account

Private non–farm inventories divided by total sales. This ratio is calculated using currentprice estimates. See also Total sales.

Private non–farm inventoriesto total sales ratio

Second hand asset sales by the public sector to private corporations are included inprivate business investment in the components non–dwelling construction andmachinery and equipment. As the public sector also sells secondhand assets to thehousehold sector and to the external sector, not all secondhand asset sales by the publicsector will be included in private business investment.

Private business investmentcontinued



Taxes payable per unit of some good or service. The tax may be a specific amount ofmoney per unit of quantity of a good or service (quantity being measured either in termsof discrete units or continuous physical variables such as volume, weight, strength,distance, time, etc.), or it may be calculated ad valorem as a specified percentage of theprice per unit or value of the goods or services transacted. A tax on a product usuallybecomes payable when the product is produced, sold or imported, but it may alsobecome payable in other circumstances, such as when a good is exported, leased,transferred, delivered, or used for own consumption or own capital formation.

Taxes on products

Consists of ‘Taxes on products’ and ‘Other taxes on production’. These taxes do notinclude any taxes on the profits or other income received by an enterprise. They arepayable irrespective of the profitability of the production process. They may be payableon the land, fixed assets or labour employed in the production process, or on certainactivities or transactions.

Taxes on production andimports

Subsidies payable per unit of a good or service. The subsidy may be a specific amount ofmoney per unit of quantity of a good or service, or it may be calculated ad valorem as aspecified percentage of the price per unit. A subsidy may also be calculated as thedifference between a specified target price and the market price actually paid by apurchaser. A subsidy on a product usually becomes payable when the product isproduced, sold or imported, but it may also become payable in other circumstances,such as when a product is exported, leased, transferred, delivered or used for ownconsumption or own capital formation.

Subsidies on products

For years in which a balanced supply and use table is available to benchmark the nationalaccounts, the same measure of GDP is obtained regardless of whether one sumsincomes, expenditures or gross value added for each industry. For other years, however,statistical discrepancies between the measures remain. The differences between thosethree separate estimates and the single measure of GDP for those years are calledstatistical discrepancy (I), statistical discrepancy (E) and statistical discrepancy (P),respectively.

Statistical discrepancy (I), (E)and (P)

Current transfers payable to households by government units to meet the same needs associal insurance benefits, but which are not made under a social insurance schemeincorporating social contributions and social insurance benefits. They may be payable incash or in kind. In Australia, they include the age pension and unemployment benefits.

Social assistance benefits

Creative work undertaken on a systematic basis in order to increase the stock ofknowledge, including knowledge of man, culture and society, and to enable this stock ofknowledge to be used to devise new applications. It is included in Intellectual propertyproducts as a produced fixed asset.

Research and development

Income receivable by the owner of a natural resource (the lessor or landlord) for puttingthe natural resource at the disposal of another institutional unit (a lessee or tenant) foruse of the natural resource in production.

Rent on natural assets

Imputed transactions related to that component of income that is not distributed toequity and or unit holders in direct foreign investment enterprises, and resident andnon–resident investment funds in the form of dividends.

Reinvested earnings

In connection with price or volume indexes, the reference period means the period towhich the indexes relate. It is typically set equal to 100 for price indexes and to thecorresponding current price values of the reference year for volume indexes, and it doesnot necessarily coincide with the base period.

Reference period

Real incomes payable and receivable are calculated by dividing the nominal income flowsby the implicit price deflator for gross national expenditure. In the derivation of theaggregate, all of the adjustments are made using the chain volume aggregation methodused to derive all of the ABS chain volume estimates.

Real net national disposableincome continued



Weapons systems consist of delivery systems such as warships, submarines, fighteraircraft, bombers and tanks. They are classified as produced non–financial fixed assets.

Weapons systems

Consist of amounts payable in cash including the value of any social contributions,income taxes, fringe benefits tax, etc., payable by the employee even if they are actuallywithheld by the employer for administrative convenience or other reasons and paiddirectly to social insurance schemes, tax authorities, etc., on behalf of the employee.Wages and salaries may be paid as remuneration in kind instead of, or in addition to,remuneration in cash. Separation, termination and redundancy payments are alsoincluded in wages and salaries.

Wages and salaries

These series represent a link between productivity and the cost of labour in producingoutput. A nominal Unit Labour Cost (ULC) measures the average cost of labour per unitof output while a real ULC adjusts a nominal ULC for general inflation. A ULC iscalculated as the ratio of labour costs per hours worked by employees divided by volumegross value added per total hours worked. Positive growth in a real ULC indicates thatlabour cost pressures exist.

Unit labour costs

Represent the liabilities of the general government sector to public sector employees inrespect of unfunded retirement benefits. In Australia, most governments operate, orused to operate, superannuation schemes for their employees that are unfunded or onlypartly funded.

Unfunded superannuationclaims

Defined as:! household final consumption expenditure on goods! plus private gross fixed capital formation: dwellings, non–dwelling construction, and

machinery and equipment! plus public gross fixed capital formation: dwellings, non–dwelling construction, and

machinery and equipment! plus exports of goods.

Total sales

That part of the cost of producing the gross domestic product which consists of grosspayments to factors of production (labour and capital). It represents the value added bythese factors in the process of production and is equivalent to gross domestic productless taxes plus subsidies on production and imports.

Total factor income

Terms of trade represent the relationship between export and import prices. Australia'sterms of trade are calculated by dividing the implicit price deflator of exports by theimplicit price deflator of imports.

Terms of trade



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© Commonwealth of Australia 2019Produced by the Australian Bureau of Statistics

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